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FORT LAUDERDALE, Fla. , Jan. 9, 2024–(BUSINESS WIRE)–Haig Partners LLC, the leading buy-sell advisory firm for the highest-value dealerships, served as exclusive sales advisor to Team Automotive Group on the sale of the Chevrolet GMC Boone to Keffer Automotive Group of Charlotte, North Carolina.
Team Automotive Group is a family-owned brokerage organization based in Charlotte, North Carolina, headquartered in the Carolinas. The Charlotte Business Journal presented the organization with the Fast 50 award in 2022, which recognizes the region’s leading personal businesses.
Kristin Dillard Sodoma, president of Team Automotive Group, said, “Team Automotive is committed to expansion and we believe that strategically promoting retail outlets in some of our smaller markets allows us to focus more of our efforts on expanding into larger spaces throughout the Southeast. “It was critical for us to receive advice from an automotive buying and retailing expert who fully understood the possible scenarios to help us achieve our expansion goals. John was the best user for us. His dual experience as a certified public accountant and trusted buying and selling advisor for distributors was decisive. He listened to us and appreciated our wishes and expectations. We thank you for your help and recommendation in the sale of some distributors in our portfolio. In addition to the Chevrolet GMC Boone team, John recommended the sale of the Chevrolet team from Creedmoor, North Carolina, at the end of 2023. We look forward to continuing to work with John to identify potential acquisitions as we execute our expansion strategy. “
“I would also like to sincerely thank Jim Keffer and Keffer Automotive for making this transition so graceful for the Chevrolet GMC Boone Team. We congratulate him and look forward to seeing his good luck with GM at the Boone market. “
John Davis, Managing Director with Haig Partners, said, “It has been such a pleasure working with Kristin and her team. I have spent my career advising owners of high-value dealership groups, helping them move from where they are today to where they want to go in the future. We appreciate the trust clients like Kristin place in us to help them achieve their financial, growth, and overall business goals. Kristin will certainly continue as a successful dealer for many years as she and Team Automotive grow. It is fun being part of the team, helping them along the way.
“Congratulations to Jim Keffer and Keffer Automotive on this addition. They are a wonderful match for this dealership and the Boone network and will serve GM very well. This transaction demonstrates that customer demand is strong in hot markets such as the Carolinas. In addition to working with Kristin and her team on the sale of those two outlets to Team Automotive, I had the honor of advising on the recent sale of Vic Bailey Automotive’s five outlets in South Carolina.
Jim Keffer added, “I went to school at Appalachian State many years ago, and I have always loved Boone. We are delighted to be entering the Boone market and very appreciative of both Kristin and John for their dedication and diligence in getting this transaction accomplished successfully.
“At Keffer Automotive, we help general managers like Steve Mason’s owners. Boone will be our 35th purchase opportunity for one of our GMs, and we couldn’t be more excited to partner with Chevrolet and GMC on this venture. “facilities and creating a lot of new and wonderful relationships. “
In addition to facilitating the sale of Team Chevrolet GMC Boone, John Davis advised on the sale of Team Automotive’s Chevrolet GMC of Creedmoor, NC, late in 2023. These transactions represent 18 dealerships the team at Haig Partners has bought or sold in the Carolinas.
Eric Pridgen of Underwood
About Haig Partners
Haig Partners is a leading buy-sell advisory corporation that helps owners of premium-priced car, truck, RV and powersports brokerages maximize the price of their business when they are in a position to sell. The Haig Partners team has sought to acquire or sell more than 545 concessions with a total price of more than $9. 7 billion. Represented 26 qualified broker teams for Automotive News’ Top 150 Dealer Groups list, more than any other company. Haig Partners clients benefit from the group’s collective experience as former executives of leading corporations such as AutoNation, Sewell Automotive Companies, Ally Financial, Bank of America, Toyota Financial Services, J. P. Morgan, Credit Suisse, FORVIS and Deloitte. Leveraging its unmatched experience and extensive relationships, Haig Partners guides clients to successful outcomes through a personalized and confidential sales process. The company is the author of the Haig Report®, the industry-leading quarterly report that tracks automotive retail trends and their effect on brokerage prices, and is co-author of NADA’s book, “Buying and Selling from a Dealership. ” Haig Partners team members are regular speakers at industry meetings and are quoted in reputable media outlets including Reuters, Forbes, The Wall Street Journal, The New York Times, CNBC, BBC, Automotive News, Wards, CarDealershipGuy and CBT News. For more information, stop by www. haigpartners. com.
See the businesswire. com edition: https://www. businesswire. com/news/home/20240109204339/en/
Contacts
Transaction Contact: John DavisManaging DirectorHaig [email protected] (404) 406-7110
Media Contact: Aimee AllenDirector of Marketing & Business DevelopmentHaig Partnersaimee@haigpartners. com (603) 933-2194