SAN FRANCISCO – The Presidio Group LLC, through its subsidiary, Presidio Merchant Partners LLC, is pleased to have advised Tori Shuken and Jon Shuken on their recent sale of Vista Lexus in Woodland Hills, CA to Oremor Automotive Group. Vista Lexus is situated in one of the best luxury markets in the US and is the five time recipient of the “Elite of Lexus” award. Oremor is one of the largest automotive groups in California with 12 franchises in eight locations.
Tori Shuken, President of Vista Lexus, said, “The team at Presidio was extremely impressive and did an excellent job for our family. We wanted an advisor that would help a buyer understand the full value of our dealership, even though there were a number of real estate complexities that had to be addressed. Presidio knew the best buyers for our business, generated several attractive offers with different structures from which we were able to choose, and kept the transaction completely confidential.”
Alan Haig and Shane Dever, Managing Directors at Presidio Merchant Partners, were the principal advisors on the sale.
“This transaction represents another example of the strong M&A market we are currently experiencing, particularly for high-value dealerships in prime markets like Vista’s” says Haig. “We have documented the significant increase of activity by the public auto retailers in 2011 compared to recent years. This deal shows that well-capitalized private buyers are active as well.” In total, Presidio has advised on nearly $250 million in transactions so far in 2011.
Presidio’s automotive practice focuses on dealership transactions valued between $20 million and $300 million. Presidio’s professionals have closed more than 150 auto retail related purchases, sales, and capital raises totaling more than $4.5 billion. They also publish Presidio’s Automotive Retail M&A Market Update, a leading source of information on auto retailers and acquisition activity. The most recent Update is available here.
About The Presidio Group LLC. The Presidio Group LLC is a personal and corporate financial services firm, and one of the nation’s leading wealth advisors with client assets of approximately $4 billion. Through its interconnected investment banking, private equity, and wealth advisory units, Presidio is uniquely capable of addressing the lifecycle challenges of wealth – from its creation, through its retention and growth, to its transfer to successive generations. The firm’s principals have extensive experience running businesses and creating wealth of their own; their understanding and management of risk is unsurpassed. Presidio and its subsidiaries currently serve clients throughout the United States, through offices in San Francisco, Dallas, Los Angeles, Chicago and Chapel Hill. Presidio Merchant Partners LLC is a member of FINRA and SIPC. For more information on Presidio’s auto retail practice, visit www.presidioautomotive.com.