Friday 25 November 2022

Florida, US-based buy-sell advisory firm Haig Partners LLC, serving auto dealerships and dealership groups, was the exclusive sell-side advisor to Albany, New York-based Capital Luxury Cars on its sale to McGovern Automotive Group, the firm said.

The transaction included Capital Volvo Cars of Albany and Jaguar Land Rover Albany.

Capital Volvo, acquired in 2006, was Eric Kahn's first dealership. He added on Jaguar and Land Rover in 2010.

Under Kahn's leadership, the dealerships reinvested in the business and the community, including the construction of an all-new Volvo dealership facility completed in July of 2021.

McGovern Automotive Group, based in Boston, MA is led by Matt McGovern. These are the 21st and 22nd dealerships of the rapidly expanding McGovern Automotive Group.

The team at Haig Partners has been involved in the purchase or sale of 64 dealerships in the Northeast and a total of 40 dealerships nationwide so far in 2022.

Haig Partners LLC helps dealers to maximize the value of their businesses when they are ready to sell. The team at Haig Partners has unmatched experience with executives from leading retail dealer groups and financial institutions.

They have advised on the purchase or sale of more than 590 dealerships for over USD 9.3bn, including 24 of the Top 150 Dealership Groups, more than any other firm.

Haig Partners leverages its expertise and relationships to lead clients through a confidential and customizable sales process that also maximizes the value of their businesses.

They author the Haig Report, the leading industry quarterly report that tracks trends in auto retail and their impact on dealership values, and are co-author of NADA's Guide, "Buying and Selling a Dealership."