Jim Hudson Automotive Group's Strategic Deal with Scott Will Toyota

Jim Hudson Automotive Group Expands through Strategic Acquisition

In a significant step within the automotive industry, Jim Hudson Automotive Group has successfully acquired Scott Will Toyota, with guidance from Ozog Consulting Group (OCG). As an independent consulting firm dedicated to dealership mergers and acquisitions, OCG played a pivotal role in facilitating this transition, ensuring a smooth process for all parties involved.

Details of the Transaction

Located in Sumter, Scott Will Toyota has established itself as a reputable name in the automotive market, renowned for its commitment to customer service and a supportive employee culture. The strategic acquisition marks an important milestone for Jim Hudson Automotive Group, enhancing their already diverse portfolio of automotive dealerships.

According to Jim Hudson, Founder and CEO of Jim Hudson Automotive Group, “This addition significantly strengthens our dealership offerings. We aim to maintain the excellent service Scott Will Toyota is known for.” Keith Hudson, President of the group, echoed these sentiments, highlighting Scott’s leadership and dedication to a customer-first approach. The acquisition not only adds value to the Hudson organization but also integrates the exceptional team at Scott Will Toyota into their family.

Collaboration and Support from Ozog Consulting Group

Joe Ozog, President of OCG, expressed gratitude for the trust placed in them throughout this process. He stated, “Scott Will has been a cherished client, and helping him transition his dealership smoothly to the Hudson family was an honor.” David Hacman, Vice President of M&A at OCG, further emphasized their commitment to managing transactions effectively, demonstrating their expertise in navigating the complexities of dealership sales.

What This Means for Scott Will Toyota

Scott Will, the former Dealer Principal, shared his thoughts on the sale, acknowledging the personal and professional pride he has in the dealership he built. He noted that although it was a difficult decision, it was the right time to explore new avenues. The strategic approach adopted by Ozog Consulting Group ensured that the sale process was seamless, leading to a beneficial outcome for all involved.

Additionally, Will expressed excitement for his team, saying, “I look forward to seeing the continued growth of the Toyota brand and new opportunities for our exceptional associates.” This transition highlights not just the acquisition but also the promise of growth for both Jim Hudson Automotive Group and the former Scott Will Toyota team.

The Role of Legal and Financial Advisors

To navigate this intricate transaction, guidance from legal and financial experts was crucial. Fred Davenport of Murchison, Taylor & Gibson provided legal counsel for Scott Will Toyota, while Heather Mueller of PBMares served as the accounting firm overseeing the transaction. For Jim Hudson Automotive Group, Skip Hardin, Jr. of The McKay Firm fulfilled the role of legal advisor, ensuring compliance and protecting the interests of all parties involved.

About Ozog Consulting Group

Founded in 2002, Ozog Consulting Group is dedicated to creating trustworthy partnerships within the automotive industry. With over 115 years of collective experience in automotive retail mergers and acquisitions, OCG is recognized for its stringent criteria that prioritize client goals in every transaction. Based in Charlotte, NC, they continue to be a valuable resource for dealerships seeking to evolve and adapt in a competitive marketplace.

Frequently Asked Questions

What companies were involved in the acquisition?

Jim Hudson Automotive Group acquired Scott Will Toyota, with Ozog Consulting Group serving as the sell-side advisor.

What role did Ozog Consulting Group play?

Ozog Consulting Group acted as the exclusive advisor, guiding Scott Will through the sale process to Jim Hudson Automotive Group.

What is the significance of this acquisition?

This acquisition allows Jim Hudson Automotive Group to enhance its dealership offerings and integrate a well-established Toyota dealership known for its customer service.

How has Scott Will reacted to the acquisition?

Scott Will expressed pride in his dealership and viewed the sale as an opportunity for growth and new prospects for his associates.

What expert services supported this transaction?

In addition to OCG’s advisory services, legal counsel was provided by Fred Davenport, and transaction accounting was managed by Heather Mueller.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.