ORLANDO, Fla., March 2, 2017 /PRNewswire/ -- Haig Partners LLC is pleased to have represented the owners of Don Reid Ford in the sale of their dealership to Peacock-Griffey Automotive.
"We congratulate Chairman and CEO Warner Peacock and wish him and our former associates much success in the future. Our family owned Don Reid Ford for decades and we will miss serving our many customers," said Rusty Reid, one of the former owners of Don Reid Ford. "We'd like to thank the team at Haig Partners who gave us great advice to help us attract the best possible buyer for our dealership."
Alan Haig and Mike Toth of Haig Partners LLC were the financial advisors to Don Reid Ford. Jim Flick of The Flick Law Group served as legal counsel.
"The Reid family built a very large and successful business, and we were honored to represent them. Orlando is one of the most attractive markets in the country, given its rapid growth and business friendly climate," said Alan Haig. "The Ford brand continues to attract lots of dealership buyers with its strong truck and SUV product line. The combination of Orlando and Ford made this an exciting transaction for us."
Haig Partners has been involved in the purchase or sale of seven large Ford dealerships over the past three years.
Warner Peacock, the Chairman and CEO of Peacock-Griffey Automotive, said, "This is an exciting time for our company. We are looking forward to our growth and contributions to the economy in Central Florida. It's great to be back in Central Florida and we plan to increase our presence there with additional dealership acquisitions."
Peacock-Griffey Automotive is a subsidiary of Peacock Automotive, which owns Peacock Subaru in Orlando. The group also owns Hilton Head Hyundai, Audi Hilton Head, Hilton Head Volkswagen, Porsche of Hilton Head, Subaru of Hilton Head, Jaguar Land Rover Hilton Head, Hilton Head Chrysler Jeep Dodge Ram FIAT, Jaguar Land Rover Columbia in Columbia, SC, Savannah Volkswagen and Savannah Alfa Romeo FIAT in Savannah, GA.
Greg Humphries of Shutts & Bowen and Jon Yergler of Lowndes Drosdick Doster Kantor & Reed served as legal counsel to Peacock–Griffey Automotive.
About Haig Partners. Haig Partners LLC is the leading advisory firm for higher value dealerships and dealership groups. Since 1996, its founders have completed more than 160 dealership transactions totaling over $3.6 billion, more than any other team in the industry. The value of transactions the founders have closed in all industries is over $6 billion. They also publish the widely followed Haig Report that tracks trends in the auto industry and how they impact dealership valuations. The latest Haig Report is available here. Alan Haig is a frequent speaker at leading industry events and conferences and is regularly quoted in media such as Automotive News. For more information, visit www.haigpartners.com.
Media Contact: Mike Toth, 1-561-302-1413, firstname.lastname@example.org
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SOURCE Haig Partners