Haig Partners Advises Jerry Durant On Sale Of Two Toyota Dealerships In Fort Worth, TX Area To Shottenkirk Automotive Group
WEATHERFORD, Texas, Feb. 11, 2019 /PRNewswire/ -- Haig Partners LLC is pleased to have represented Jerry Durant on the sale of his Durant Toyota of Weatherford, TX and Jerry Durant Toyota of Granbury, TX to Shottenkirk Automotive Group ("Shottenkirk").
Jerry Durant said, "I will miss working with the talented staff at Durant Toyota and Jerry Durant Toyota, but I am looking forward to a little less stress and a little more time at the beach. Greg Shottenkirk and his team turned out to be the perfect buyer for me, showing integrity and professionalism every step of the way. I welcome them to the Weatherford and Granbury communities. I also want to thank Alan Haig at Haig Partners. He heard what I wanted and his experience in buy-sells helped make sure the process turned out just the way I hoped."
Alan Haig of Haig Partners LLC was the financial advisor to Jerry Durant. John Shackelford at Shackelford, Bowen, McKinley & Norton, LLP served as legal counsel to Jerry Durant. George Taylor III of Burr & Forman, LLP provided legal advice to Shottenkirk.
"We were honored to be able to help Jerry achieve his goals," said Alan Haig. "Buyers continue to be extremely interested in dealerships in the great state of Texas, and Toyota remains one of the most desirable franchises. The market for higher value dealerships continues to be highly active and 2019 is shaping up to be another big year for dealership sales. This is our third closing so far in this year." Alan Haig also noted that Jerry Durant will not be selling any other dealerships.
Greg Shottenkirk, CEO of Shottenkirk Auto, said, "Our team is thrilled to join the dealer community in Texas, and we thank Jerry Durant for giving us the opportunity to buy his two Toyota stores. Jerry has set a high bar for delivering excellent customer service and we look forward to building on that legacy." Founded in 1964, Shottenkirk Auto Group has grown to 15 dealerships in five states. For more information, please visit www.shottenkirk.com.
About Haig Partners. Haig Partners LLC is the leading advisory firm for higher value dealerships and dealership groups. Since 1996, its founders have completed more than 170 dealership transactions totaling over $4.2 billion, more than any other team in the industry. The value of transactions the founders have closed in all industries is over $7 billion. They also publish the widely followed Haig Report that tracks trends in the auto industry and how they impact dealership valuations. The latest Haig Report is available here. Alan Haig is a frequent speaker at leading industry events. For more information, visit www.haigpartners.com.
Contact: Alan Haig, 954-646-8921
SOURCE Haig Partners
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