Transaction an important strategic asset management step
The Presidio Group LLC (“Presidio”), a leading investment bank specializing in retail automotive and related M&A transactions, exclusively advised Priority Automotive Group on the sale of Priority Honda Huntersville.
“We appreciate The Presidio Group’s help in achieving our strategic goals,” said Dennis Ellmer, CEO of Priority Automotive. “While Honda is a great franchise, we wanted to operate dealerships within a tighter geographic focus.”
Priority Automotive Group has dealerships throughout Virginia. The Honda franchise is located near Charlotte, NC. Its sale is part of an ongoing portfolio management strategy to focus on core assets in a specific geographic area.
“We were pleased to be able to assist Priority Automotive Group,” said George Karolis, President of The Presidio Group. “The automotive retail market is very healthy, and the Honda brand is always in demand.”
“We understood the strategic aim of this sale and are pleased