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Fort Lauderdale, Florida, November 23, 2022 /PRNewswire/ — Haig Partners LLC, a leading trading advisory firm for higher value dealers and dealer groups, Albany, New YorkBased in Capital Luxury Cars on sale to McGovern Automotive Group. The deal included Capital Volvo Cars. Albany And a Jaguar Land Rover Albany.
Capital Volvo, acquired in 2006, Eric Kahn First time dealer. He added Jaguar and Land Rover to his 2010. Under Khan’s leadership, the dealership has reinvested in the business and community, including the construction of an all-new Volvo his dealership facility completed in July 2021.
khan said, “Store sales are bittersweet. Capital Volvo was my first store. The Energy and Resources of Friendly Brands and Stores in the Central Hudson Valley Syracuse.
I want to thank Nate Klevacha For his expertise and good judgment in discernment Matt McGovern As a suitable buyer for our dealers. He is an excellent operator and has probably grown faster than any dealership in the Northeast in recent years.I am confident that Matt and the team at Capital Luxury Cars will continue to grow the dealership and take it to the next level. increase. ”
kulevacha said, “This transaction is consistent with a pattern of local dealer groups being sold to larger groups. You can invest more in the technology, processes and people you need to grow.
i believed Matt McGovern His growing platform and ability to successfully integrate dealers into his Northeast Group makes him a great fit for dealers. The introduction created the perfect mix of dealers looking to add new brands and those looking to focus on central locations in the central Hudson Valley. I would like to thank Eric for the opportunity to represent a respected automotive group through this transaction. ”
McGovern Automotive Group, based in Boston, Massachusetts headed by Matt McGovernThese are 21st and 22nd A dealer for the rapidly expanding McGovern Automotive Group.
“We have been focused on acquiring premium brands at top retailers. Our current brand lineup accounts for approximately 75% of total industry sales across 23 outlets. JLR and Volvo are core franchises we covet, but are rarely available, welcome dealer employees into our organization, Albany community,” he said. Matt McGovern“I would like to thank Nate Klevacha Thank you for bringing us this unique opportunity. ”
The Haig Partners team has been involved in the purchase or sale of 64 dealers in the Northeast and a total of 40 dealers nationwide through 2022.
About Haig Partners
Haig Partners LLC helps dealers maximize the value of their business when they are ready to sell. The Haig Partners team has unparalleled experience working with large retail dealer groups and financial institution executives. They buy or sell over 590 dealers, $9$3 billion, including 24 of the top 150 dealer groups, more than any other company. Haig Partners leverages its expertise and relationships to guide customers through a confidential and customizable sales process that maximizes the value of their business. They authored the Haig Report, an industry-leading quarterly report that tracks automotive retail trends and their impact on dealer value, and are co-authors of NADA’s guide, Buying and Selling a Dealership. For more information, please visit www.haigpartners.com.
Trading contact:
Nathan KlevachaPartner
Haig Partners
e: [email protected]
p: (917) 288-5414
Press contact:
Amy AllenDirector of Marketing and Business Development
Haig Partners
e: [email protected]
p: (603) 933-2194
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