Haig Partners Facilitates Major Deal for Bulldog Kia's Sale
Haig Partners Engages in the Sale of Bulldog Kia
Haig Partners LLC, recognized as a leading advisory firm for the automotive industry, was the exclusive sell-side advisor for Bulldog Kia in its sale to Butler Automotive Group. This transaction marks a significant milestone for Bulldog Kia, showcasing the growing demand for automotive dealerships across various markets.
Background of Bulldog Kia's Ownership
Founded in Athens and previously owned by David Kernall and James Hammond, Bulldog Kia has established itself as a top-notch dealership in Georgia. Kernall's journey began with partnering with Jim Keffer from Keffer Auto Group to acquire the dealership in 2010. Later, he obtained full ownership in 2020, focusing on community engagement and charitable contributions.
Community Engagement
Under Kernall’s leadership, the dealership has excelled in not only sales but also in being an active community participant. Their support for local charities such as Extra Special People, Breast Cancer Awareness, and Sparrow's Nest Athens stands out as a testament to their commitment to the Athens community, solidifying Bulldog Kia’s reputation as a socially responsible business.
The Sale Process
Discussing the sale, Kernall expressed gratitude towards the team at Haig Partners, especially Derek Garber and Markus Haig, for their expertise in navigating the transaction. He emphasized the importance of finding a buyer aligned with Bulldog Kia's core values and community objectives. The thorough approach taken by Haig Partners ensured a fruitful transition, valuing not just financial returns but also the dealership's legacy.
Derek Garber's Insights
Derek Garber, Vice President at Haig Partners, noted the high market demand for Kia dealerships, which this sale reflects. His assurance that the legacy and community contributions would continue post-sale was essential to the sellers, further highlighting Haig Partners' dedication to its clients.
Butler Automotive Group's Expansion
With the acquisition, Butler Automotive Group now operates 15 dealerships across Georgia, South Carolina, and Florida. Marsh Butler expressed enthusiasm about adding Bulldog Kia to their dealership family, emphasizing shared values of excellent customer experience and teamwork. The Butler brothers aim to uphold the traditions that Kernall and Hammond have fostered.
Future Prospects for Bulldog Kia
This acquisition showcases the strength of the automotive market and the ongoing confidence investors place in Kia dealerships. As Bulldog Kia transitions to new ownership, both employees and the local community look forward to the continuation of high-quality service and philanthropic efforts.
About Haig Partners
Haig Partners has a strong record of advising on dealership transactions, totaling over 595 dealerships valued above $11.7 billion. Their expertise spans years in the automotive sector, ensuring that they navigate the complex selling process successfully while maximizing value for their clients. The firm is also known for The Haig Report®, a respected source of industry insights, and it regularly shares knowledge at industry conferences.
Frequently Asked Questions
Who initiated the sale of Bulldog Kia?
The sale was initiated by Bulldog Kia, with Haig Partners serving as the exclusive advisor.
What impact does this sale have on the Athens community?
The sale ensures continued community engagement under new ownership, promoting locally valued traditions.
What role did Haig Partners play in this transaction?
Haig Partners acted as the exclusive sell-side advisor, navigating the sale to align with Bulldog Kia's legacy and values.
How many dealerships does Butler Automotive Group now operate?
Butler Automotive Group now owns and operates 15 dealerships across multiple states.
What is Haig Partners known for in the industry?
Haig Partners is known for its expertise in dealership transactions, having facilitated sales for numerous high-value automotive dealerships.
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