HAIG PARTNERS ACTED AS THE SPECIAL SELL-SIDE CONSULTANT FOR CAPITAL HIGH-END CARS ON ITS SALE TO MCGOVERN AUTOMOTIVE GROUP

FORT LAUDERDALE, Fla., Nov. 23, 2022/ PRNewswire/– Haig Partners LLC, the leading buy-sell advisory company to greater worth car dealerships and dealer groups, was the special sell-side consultant to Albany, NY– based Capital High-end Cars on its sale to McGovern Automotive Group. The deal consisted of Capital Volvo Cars of Albany and Jaguar Land Rover Albany.

Capital Volvo, gotten in 2006, was Eric Kahn’s initially dealer. He included on Jaguar and Land Rover in 2010. Under Kahn’s management, the car dealerships reinvested in business and the neighborhood, consisting of the building and construction of a brand new Volvo dealer center finished in July of 2021.

Kahn stated, “The sale of the shops is bittersweet. Capital Volvo was my very first shop. I took pride in the group we developed and the success we had both there and at Jaguar Land Rover Albany. Nevertheless, I chose it was the correct time to focus my energies and resources on the Friendly brand name and shops that I own in the mid-Hudson Valley and Syracuse

We wish to thank Nate Klebacha for his know-how and profundity in determining Matt McGovern as the ideal purchaser for our car dealerships. He’s a terrific operator and in the last few years has actually grown faster than maybe any dealership in the northeast. I feel great that Matt and the Capital High-end Cars group can continue to grow the car dealerships and take them to the next level.”

Klebacha stated, “This deal matches a pattern we are seeing of regional dealer groups being offered to bigger groups. The included scale and brand names enable the bigger consolidators to invest a lot more in the innovation, procedures, and individuals required to become the next years.

I thought Matt McGovern would be a terrific suitable for the car dealerships since of his growing platform and capability to effectively incorporate car dealerships into his Northeast group. The intro led to an ideal mix of a dealership who looked for to include brand-new brand names and a dealership wanting to concentrate on his core mid-Hudson Valley places. I wish to thank Eric for the chance to represent his well-respected vehicle group throughout this deal.”

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

” Our focus has actually been to obtain premium brand names in leading retail places. Our present brand name lineup represents about 75% of overall market sales throughout our 23 car dealerships. JLR & Volvo are core franchises that we long for, yet seldom come readily available. We are delighted to invite the car dealerships’ workers into our company and to serve the Albany neighborhood,” stated Matt McGovern “I wish to thank Nate Klebacha for bringing us this distinct chance.”

The group at Haig Partners has actually been associated with the purchase or sale of 64 car dealerships in the Northeast and an overall of 40 car dealerships across the country up until now in 2022.

About Haig Partners

Haig Partners LLC assists dealerships to take full advantage of the worth of their services when they are prepared to offer. The group at Haig Partners has unequaled experience with executives from leading retail dealership groups and banks. They have actually recommended on the purchase or sale of more than 590 car dealerships for over $ 93 billion, consisting of 24 of the Leading 150 Car Dealership Groups, more than any other company. Haig Partners leverages its know-how and relationships to lead customers through a private and adjustable sales procedure that likewise optimizes the worth of their services. They author the Haig Report, the leading market quarterly report that tracks patterns in automobile retail and their effect on dealer worths, and are co-author of NADA’s Guide, “Purchasing and Offering a Car dealership.” To learn more, see www.haigpartners.com

Deal Contact:
Nathan Klebacha, Partner
Haig Partners
e: [email protected]
p: (917) 288-5414

Press Contact:
Aimee Allen, Director of Marketing and Company Advancement
Haig Partners
e: [email protected]
p: (603) 933-2194

SOURCE Haig Partners

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