HAIG PARTNERS IS AN EXCLUSIVE SELL-SIDE ADVISOR FOR THE SALE OF BMW FROM RIDGEFIELD
Keeler Motor Car Company has six dealerships in New York City and has partnered with Open Road Capital, an investment firm backed by private equity firm Bain Capital, to acquire BMW Ridgefield. “We are delighted to welcome to BMW the team of Ridgefield to Keeler and excited to expand our presence in the state of Connecticut,” share Jesse hord, CEO, Keeler Motor Car Company. “Ed McGill and his team have developed a special venture at BMW to Ridgefield and we want to keep that legacy. “
Nate klebacha, a partner of Haig Partners, said, “Demand for dealers remains strong from all types of buyers. I am grateful for the opportunity to bring these great organizations together. It was a special affair for me. In my twenty years of trading experience, Ed is one of the most successful traders I have encountered. As Ed and I worked on this transaction, it became clear that it was not just his operational expertise, but his great respect for his staff and customers that made BMW Ridgefield an extraordinary operation in a competitive market. It has been an honor to help Ed through this process and we wish Keeler the best of luck in running our local BMW dealership. ”
Regina Flaherty de Verrill Dana LLP has provided legal representation for the seller. Stephane Dietrich of Holland and Knight has provided legal representation and Greg Dougherty of Crowe LLP provided accounting services for Keeler Motor Car Company & Open Road Capital.
BMW’s Ridgefield is the 15th BMW dealership that the Haig Partners team has represented. Since 2019, Haig Partners has represented owners in the sale of 22 dealerships in New England.
About Haig Partners
Haig Partners LLC is the premier buy-sell advisor for owners of higher value retail dealerships. The Haig Partners team represented 20 of the top 150 dealer groups on Automotive News’s Top 150 list, more than any other buy-sell consultancy. Since 1996, they have advised more than 285 concession transactions, comprising more than 545 concessions totaling $ 8.2 billion. Haig Partners has unparalleled automotive retail experience with a track record in leadership and corporate development roles for AutoNation, Asbury, the Bank of America Dealer Financial Services team, and DHG Dealer Practice. . Haig Partners is the author of the industry’s leading quarterly report that tracks automotive retail trends and their impact on dealer values, and is co-author of the NADA guide, “Buying and Selling a Dealer “. For more information, visit www.haigpartners.com.
Nate klebacha, Partner
e: [email protected]
phone: (917) 288-5414
Aime Allen, Director of Marketing and Business Development
e: [email protected]
phone: (603) 933-2194
SOURCE Haig Partners LLC