The Presidio Group Advises on Sale of The Suburban Collection

Largest Number of Franchises Sold to Date in a Strategic Transaction - Seite 2

“Working with the Fischer family to sell its outstanding collection of dealerships was an honor,” said Brodie Cobb, founder and CEO of The Presidio Group. “The family wanted to diversify its holdings, and we were pleased to help them take a significant step towards realizing that goal.”

“The Fischer family’s businesses represented a great opportunity in the Michigan market, and we were pleased that Lithia recognized that,” said George Karolis, president of The Presidio Group. “Demand for dealerships is exceptionally strong and is expected to remain robust throughout 2021.”

Presidio has closed 14 transactions since March 2020 including more than 100 dealership franchises for a total of more than $3 billion. Among them was the sale of Park Place Dealerships to Asbury Automotive Group, one of the largest dealership transactions in history.

The Presidio Group provided exclusive M&A advisory services to The Suburban Collection through its wholly owned investment bank, Presidio Merchant Partners LLC.

Stephen Dietrich and Sarah Seedig of Holland & Knight served as legal counsel to Lithia. Edward Dawda of Dadwa Mann served as legal counsel to The Suburban Collection.

About The Suburban Collection:

Founded in 1948 and based in Troy, Michigan, The Suburban Collection is Michigan’s largest privately held automotive group and the 12th largest in the country based on revenue. Today, The Suburban Collection encompasses 56 dealership franchises across 34 locations, including state-of-the-art collision centers, accessories distribution centers, fleet management and retrofitting services throughout the U.S. and Canada.

For more information visit: www.SuburbanCollection.com

The Presidio Group LLC was founded in 1998 with the simple mission to relentlessly put the interests of our clients first. By steadfastly adhering to this philosophy, the firm has earned the trust of clients throughout the United States. During their careers, the professionals at Presidio have collectively closed more than 200 transactions for over $13 billion. It also publishes Presidio’s Where the Rubber Meets the Road, a leading source of information about the automotive retail landscape and the automotive retail M&A environment. The Presidio Group is based in San Francisco, CA. Presidio Merchant Partners LLC is a subsidiary of The Presidio Group LLC and is a member of FINRA and SIPC. For more information on Presidio, visit www.thepresidiogroup.com.

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