Victory Automotive Group Makes Strategic Acquisition
Haig Partners LLC served as the exclusive advisor in the recent acquisition involving Advantage Toyota and Ball Toyota, facilitating their transition to Victory Automotive Group. This significant deal marks a crucial step for both the sellers and the buyers as it combines storied dealerships with an expanding automotive group.
Growth and Success of Advantage Toyota
Advantage Toyota, recently rebranded as Victory Toyota of Barboursville, has established itself as a powerhouse in its region, selling over 2,000 vehicles in the past year alone. Not only is it recognized for its impressive sales figures, but it also stands as one of the leading dealerships in the Central Atlantic Toyota Region. This dealership, alongside its counterpart, operates on an extensive 15 acres of land that houses a 97,500 square foot facility dedicated to showrooms, service, and storage.
A Legacy of Dedication
Shawn and David Ball demonstrate how dedication can turn dreams into tangible success. Shawn embarked on his journey in the automotive industry with humble beginnings in vehicle transportation. His father may have envisioned a different path for him, yet Shawn’s passion for cars drove him to establish a thriving business that not only succeeded but paved the way for further achievements.
Paving the Path to Excellence
Through savvy investments and a keen eye for opportunity, Shawn expanded his business footprint by acquiring L&S Toyota, which set the foundation for later ventures like Advantage Toyota. His brother David joined the automotive landscape after a decade-long career in the coal mining sector. Together, they built a dealership that retained its status as the highest volume dealership in their area.
Victory Automotive Group's Vision
Victory Automotive Group, under the leadership of Jeff Cappo, is keen on integrating these new dealerships into their business model. The acquisition aligns perfectly with their strategy to expand their brand presence across the country. With more than 55 dealerships spanning eleven states, this growth reflects a commitment to providing quality vehicles and exceptional value.
A Bright Future
Jeff Cappo expressed enthusiasm regarding the addition of the new dealerships, reinforcing their strategy of aligning with reputable brands. The Cappo family's vision is one of continued growth, driven by a desire to lead with integrity and authenticity.
Haig Partners' Role in the Deal
Alan Haig, President of Haig Partners, noted the firm's pride in facilitating the Ball brothers' transition. They aim to inspire other dealership owners to pursue their goals while ensuring the legacy of their hard work and dedication continues. The firm emphasizes the emotional and personal elements of dealership sales, recognizing that these transactions encompass years of effort and dreams.
Industry Milestones and Future Aspirations
Haig Partners stands out as a leading advisory firm specializing in dealership transactions. With a remarkable track record of over 605 dealership sales amounting to $11.9 billion, they have earned a place of distinction in the automotive sector. Their expertise in navigating the competitive landscape allows them to effectively represent clients looking to maximize value.
Commitment to Excellence
The firm not only provides valuable insights and transactional guidance but also authors top industry reports that track key trends and their implications for dealership values. Their upcoming year looks promising as they are on track to break records with over 60 dealerships anticipated for sale, which would mark ten years of service as trusted buy-sell advisors to dealership owners nationwide.
Looking Ahead
As the market continues to evolve, Haig Partners remains committed to addressing the unique needs of dealership owners, ensuring they navigate transitions with confidence and expertise. The ambition to reach new heights drives their dedication to both their clients and the industry at large.
Frequently Asked Questions
What was the main role of Haig Partners in this acquisition?
Haig Partners served as the exclusive advisor for the sale, guiding the Ball brothers through the selling process.
How did Advantage Toyota perform before the sale?
Advantage Toyota was recognized for selling over 2,000 vehicles within a year, becoming a top dealership in its region.
What changes will occur to Advantage and Ball Toyota after the sale?
They will operate under the new names Victory Toyota of Barboursville and Victory Toyota of Charleston, respectively.
Who leads Victory Automotive Group?
Victory Automotive Group is primarily led by Jeff Cappo and his family.
How many dealerships does Victory Automotive Group now own?
With this acquisition, Victory now owns a total of 55 dealerships across eleven states.
