Haig Partners Facilitates the Sale of Bulldog Kia
Haig Partners LLC, a prominent advisory firm in the automotive sector, served as the exclusive advisor for Bulldog Kia during its sale to Butler Automotive Group. This event represents a significant moment for Bulldog Kia, highlighting the increasing interest in automotive dealerships across different markets.
Understanding Bulldog Kia's Ownership History
Founded in Athens, Bulldog Kia was previously owned by David Kernall and James Hammond, earning its reputation as a leading dealership in Georgia. Kernall's journey in the industry began when he teamed up with Jim Keffer from Keffer Auto Group to acquire the dealership in 2010. He later took full ownership in 2020, making it a priority to engage with the community and contribute to charitable causes.
Community Involvement
Under Kernall's leadership, Bulldog Kia has thrived in both sales and community engagement. Their support for local charities like Extra Special People, Breast Cancer Awareness, and Sparrow's Nest Athens highlights their dedication to the Athens community, helping to establish Bulldog Kia as a socially responsible business.
Details of the Sale Process
Reflecting on the sale, Kernall expressed his appreciation for the Haig Partners team, especially Derek Garber and Markus Haig, for their skillful guidance throughout the transaction. He pointed out the significance of finding a buyer who resonated with Bulldog Kia’s core values and community goals. The meticulous approach of Haig Partners helped ensure a smooth transition, emphasizing not only financial gains but also the dealership's legacy.
Derek Garber's Perspective
Derek Garber, Vice President at Haig Partners, highlighted the robust market demand for Kia dealerships, a trend demonstrated by this sale. His reassurance that Bulldog Kia’s legacy and community contributions would persist after the sale was crucial for the sellers, underscoring Haig Partners' commitment to its clients.
Butler Automotive Group's Growth
With this acquisition, Butler Automotive Group now operates 15 dealerships across Georgia, South Carolina, and Florida. Marsh Butler expressed excitement about welcoming Bulldog Kia into their dealership family, emphasizing the shared commitment to excellent customer experiences and teamwork. The Butler brothers are dedicated to maintaining the traditions established by Kernall and Hammond.
Looking Ahead for Bulldog Kia
This acquisition not only highlights the stability of the automotive market but also reflects the ongoing faith that investors have in Kia dealerships. As Bulldog Kia transitions to new ownership, both employees and the local community are optimistic about the sustained high-quality service and philanthropic pursuits.
About Haig Partners
Haig Partners has an impressive track record in advising on dealership transactions, covering over 595 dealerships valued collectively at more than $11.7 billion. Their extensive experience in the automotive sector enables them to successfully manage the complexities of the selling process while maximizing value for their clients. Additionally, they are known for The Haig Report®, a valuable resource for industry insights, and frequently share expertise at industry events.
Frequently Asked Questions
Who initiated the sale of Bulldog Kia?
The sale was initiated by Bulldog Kia, with Haig Partners acting as the exclusive advisor throughout the process.
What impact does this sale have on the Athens community?
The sale promises ongoing community engagement under new ownership, continuing valued local traditions.
What role did Haig Partners play in this transaction?
Haig Partners served as the exclusive sell-side advisor, guiding the sale to align with Bulldog Kia's legacy and core values.
How many dealerships does Butler Automotive Group now operate?
With this acquisition, Butler Automotive Group now owns and runs a total of 15 dealerships across several states.
What is Haig Partners known for in the industry?
Haig Partners is well-regarded for its expertise in dealership transactions, having successfully facilitated sales for many high-value automotive dealerships.
