Heritage Capital Group Facilitates Subaru Jacksonville Acquisition
Heritage Capital Group, Inc., a prominent investment banking and financial advisory firm specializing in middle-market and emerging growth companies, has successfully guided its client, Subaru of Jacksonville (SOJAX), through a notable acquisition by Shottenkirk Automotive Group. This acquisition signifies Shottenkirk's strategic entry into both the Subaru brand and the Jacksonville automotive market, while also honoring the longstanding legacy of the Porter family at SOJAX.
A Legacy of Excellence
Subaru of Jacksonville has been a family-owned and operated dealership since its inception in 2000, founded by Phil Porter Sr. Over 25 years, SOJAX has emerged as a trusted name in the automotive field, embodying a customer-first philosophy that has garnered numerous accolades. They offer a comprehensive selection of new and pre-owned Subaru vehicles, along with robust service, maintenance, and parts solutions.
Achievements and Recognition
Throughout its years of service, SOJAX has achieved remarkable recognition for its commitment to customer satisfaction. It has consistently ranked as #1 in Safety for five consecutive years by the American Customer Satisfaction Index (ACSI). Additionally, it has been rated #1 in Customer Satisfaction for Dealership Service by J.D. Power, and #1 in Customer Loyalty by ACSI. These achievements highlight Subaru of Jacksonville's dedication to excellence and its unwavering support for the community.
Shottenkirk Automotive Group's Expansion
Founded more than six decades ago, Shottenkirk Automotive Group started as a single dealership in Illinois. Since then, the company has broadened its operations significantly under the visionary leadership of Greg Shottenkirk, who continues to champion a customer-first approach. Today, Shottenkirk boasts 29 locations across multiple states, delivering a diverse array of automotive brands and services while staying committed to quality and community engagement.
Heritage's Role in the Transaction
In this acquisition, Heritage Capital Group reiterated its expertise, having previously aided Phil Porter Sr. in executing the sale of Center Subaru to GMST, LLC in 2021. Phil Porter Sr. expressed his satisfaction with Heritage's services: "It was a pleasure working with Heritage for a second time. They made the process seamless and straightforward. Mac Holley and his team understand the unique value of our business and guided us every step of the way, ensuring that our employees, customers, and community were all considered throughout the transaction."
Expert Team Behind the Deal
Heritage Capital Group served as the exclusive sell-side advisor to Subaru of Jacksonville during this transaction. The deal team was led by Mac Holley, along with significant contributions from team members Fernando Acosta-Rua and Robert Cilek. While the terms of the acquisition remain undisclosed, the successful completion of this deal showcases Heritage’s commitment to delivering effective investment banking solutions.
Heritage Capital Group is respected for providing objective advice to private companies in several critical areas, including mergers, acquisitions, valuations, capital raises, restructurings, and strategic advisory. They are a registered broker-dealer with FINRA and part of the Oaklins network.
Frequently Asked Questions
What is the significance of Subaru of Jacksonville's acquisition?
The acquisition by Shottenkirk Automotive Group signifies growth and expansion into the Jacksonville automotive market while preserving the Porter family's legacy.
Who is the founder of Subaru of Jacksonville?
Phil Porter Sr. founded Subaru of Jacksonville in 2000 and has led the dealership to numerous accolades for service and customer satisfaction.
What kind of recognition has Subaru of Jacksonville received?
SOJAX has received awards for being #1 in Safety rated by ACSI and #1 in Customer Satisfaction as per J.D. Power, among other accolades.
How long has Shottenkirk Automotive Group been in business?
Shottenkirk has been in operation for over 60 years, starting from a single dealership and growing into a multi-regional automotive retailer.
What services does Heritage Capital Group offer?
Heritage provides advisory services in mergers, acquisitions, valuations, capital raises, and strategic guidance for private companies.
