rainn.png
Tuesday September 21st, 2021 12:51AM

The Presidio Group Advises on the Sale of Nalley Ford Sandy Springs

By The Associated Press

ATLANTA--(BUSINESS WIRE)--Nov 18, 2020--

The Presidio Group LLC (“Presidio”), a leading investment bank specializing in retail automotive and related M&A transactions, exclusively represented Asbury Automotive Group (NYSE:ABG) in the sale of Nalley Ford Sandy Springs in the Atlanta, GA area to the Jim Ellis Automotive Group.

“Asbury was pleased to work with The Presidio Group to complete this transaction,” said David Hult, Asbury's President and Chief Executive Officer. “Their professionalism, expertise and ability to identify the perfect buyer helped provide for a smooth and seamless transaction.”

“We are honored to acquire this Ford dealership, a new brand for our company, and welcome the new team members to the Ellis family,” said Jimmy Ellis, CEO of Jim Ellis Automotive Group. He added: “Ford is a legendary franchise with exciting new products hitting the market, including the new Bronco, and we are thrilled to expand our offerings to our customer base.”

The Jim Ellis Automotive Group is the largest privately-owned dealership group in Atlanta. With 19 new vehicle franchises in greater Atlanta, the family-owned group has served the market for more than 40 years and is a winner of the Consumer’s Choice Award for 11 consecutive years.

“We were pleased to represent Asbury in this transaction and are not surprised that a hot brand such as Ford in a great market like Atlanta would be in demand," said Brodie Cobb, CEO of The Presidio Group.

“Jim Ellis Automotive Group is an iconic automotive family in Atlanta and we knew this dealership would be the perfect fit for its ever-growing portfolio of franchises,” said Atlanta-based George Karolis, President of The Presidio Group.

Karolis added: “This is the 37 th dealership sold by Presidio this year and transaction activity continues to be robust. In fact, I cannot remember the retail automotive M&A market ever being as strong as it is today.”

With offices in San Francisco and Atlanta, The Presidio Group serves its clients in the automotive industry from coast to coast. It has closed more than $2 billion in transactions in 2020. The Presidio Group provided exclusive M&A advisory services to Asbury Automotive Group through its wholly owned investment bank, Presidio Merchant Partners 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 done close to 200 transactions for over $12 billion. It also publishes Presidio’s , 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 .

View source version on businesswire.com:

CONTACT: Brodie Cobb

(415) 449-2525

[email protected]

George Karolis

(678) 831-5520

[email protected]

KEYWORD: GEORGIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING OTHER RETAIL BANKING AUTOMOTIVE MANUFACTURING PROFESSIONAL SERVICES MARKETING COMMUNICATIONS OTHER AUTOMOTIVE RETAIL FINANCE

SOURCE: The Presidio Group

Copyright Business Wire 2020.

PUB: 11/18/2020 10:02 AM/DISC: 11/18/2020 10:02 AM

http://www.businesswire.com/news/home/20201118005147/en

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News, AP Online - Georgia News, AP Business Wire - Georgia
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Stocks drift as vaccine hopes collide with virus fears
U.S. stocks are drifting close to their record highs Wednesday, as hopes for a coronavirus vaccine coming in the future collide with worries about the worsening pandemic in the present
10:07AM ( 30 minutes ago )
The Latest: Swiss soccer, hockey clubs can get federal funds
Professional soccer and hockey clubs in Switzerland can get federal funds to compensate for lost ticket sales if they cut salaries
10:06AM ( 31 minutes ago )
Tokyo Olympics: Many rules, no partying, no hanging around
Athletes at the Tokyo Olympics won’t have the luxury of hanging around once they’ve wrapped up their event
9:58AM ( 39 minutes ago )
Associated Press (AP)
Hungary sticks to veto of EU budget over rule-of-law issue
Hungarian Prime Minister Viktor Orban says the European Union’s proposed mechanism to link rule of law criteria to budget disbursements for EU nations is a “political and ideological weapon.”
9:38AM ( 59 minutes ago )
Forget sad Thanksgiving: early Christmas fever takes over
As some holiday tree sellers fear they’ll sell out by Thanksgiving and parcel shipping companies worry about November gridlock, a growing number of people on a quest for joy have early Christmas fever
9:35AM ( 1 hour ago )
Home construction up 4.9% in October to 1.53 million
Home construction rose 4.9% in October as home building remains as one of the bright spots of the economy
9:28AM ( 1 hour ago )
AP Business
UN atomic watchdog: Iran now operating Natanz centrifuges
The head of the U.N. atomic watchdog agency says Iran has begun operating centrifuges installed at an underground site, but that they had been moved from another facility so that the country's overall uranium-enriching capabilities have not increased
8:30AM ( 2 hours ago )
Target gains steam heading into crucial holiday season
Target is the latest big U.S. discount retailer to show that it’s prospering during the pandemic
8:05AM ( 2 hours ago )
Watchdog slams UK over secrecy in virus equipment contracts
Britain's public spending watchdog says the government spent billions without proper transparency in a scramble to secure protective equipment early in the coronavirus outbreak
7:04AM ( 3 hours ago )
AP Business - Corporate News
Washington has virus case, 3 other teams add to COVID list
The New York Giants, Atlanta Falcons and Las Vegas Raiders put players on the COVID-19 list on the same day Washington had its first instance of someone in the organization testing positive for the coronavirus since the season began
2:48AM ( 7 hours ago )
Deadline near for hand tally of presidential race in Georgia
Election officials across Georgia are staring down a deadline to complete a hand tally of the presidential race in the state
1:12AM ( 9 hours ago )
Fowler among those still not a lock for Masters invitation
Rickie Fowler is used to getting an invitation around the holidays to play in the Masters
6:20PM ( 16 hours ago )
AP Online - Georgia News
AP Business Wire - Georgia
Stocks drift as vaccine hopes collide with virus fears
U.S. stocks are drifting close to their record highs Wednesday, as hopes for a coronavirus vaccine coming in the future collide with worries about the worsening pandemic in the present
10:07AM ( 30 minutes ago )
The Latest: Swiss soccer, hockey clubs can get federal funds
Professional soccer and hockey clubs in Switzerland can get federal funds to compensate for lost ticket sales if they cut salaries
10:06AM ( 31 minutes ago )
House Dems nominate Pelosi as speaker to lead into Biden era
House Democrats have nominated Nancy Pelosi for two more years as speaker
10:04AM ( 33 minutes ago )
Tokyo Olympics: Many rules, no partying, no hanging around
Athletes at the Tokyo Olympics won’t have the luxury of hanging around once they’ve wrapped up their event
9:58AM ( 39 minutes ago )
Trump faces Wednesday deadline for Wisconsin vote recount
President Donald Trump is facing a deadline to file for a recount in Wisconsin
9:47AM ( 50 minutes ago )