Dealer Solutions North America Announces First U.S. Dealership Transaction
DETROIT, Aug. 27, 2018 /PRNewswire-PRWeb/ -- Dealer Solutions North America, specialists in advising on and providing strategies for buying and selling automotive dealerships, has announced its first dealership transaction since entering the U.S. market.
Dealer Solutions worked with seller Mike Tyler of Tyler Jefferson Motors in Mount Vernon, Ill. The family-owned business has a long history in the area, opening in 1951 with Pontiac, Rambler, and other classic automotive brands. Through three generations, the Tyler family continued to grow the dealership, until the time was right for the family to make a change.
The Toyota, Buick and GMC dealership was purchased by Wes Monken, of Monken Auto. The family-run group is located in the neighboring town of Centralia, Ill., and includes Nissan, Chrysler, Jeep, Dodge, and Chevrolet. The opportunity to bring in three new brands, and an additional location for customers, was the driving force behind the deal. This will be the third dealership for Monken Auto Group. The deal was completed earlier this summer.
"Working with a first-time seller, Dealer Solutions was able to help make the transaction go as smoothly as possible for all parties," said Wes Monken, president, Monken Auto. "Our dedicated consultant, Paul Hagan, went above and beyond in this unique deal, coming out on several occasions to help the selling dealership, from inventory to providing guidance, and Farid was also very involved in facilitating the sale."
Founded in 2012 by Farid Ahmad, a career car professional with extensive experience in retail, brand and real estate in Europe and North America, Dealer Solutions has advised on the successful closing of more than 115 dealerships amounting to more than $3 billion in value, with nearly 50 transactions pending. Within the past six years, the privately-held company, headquartered in Toronto, has become Canada's largest retail automotive M & A consulting firm.
"We provide our clients with the highest level of service, guidance and support, through all steps of the buy-sell process," said Farid Ahmad, chief executive officer, Dealer Solutions North America. "We are keenly aware of the intricacies of all types of dealership transactions, especially for family-owned groups who have such history and investment in the communities they've served, and our experience allows us to provide a seamless experience for both sellers and buyers."
Dealer Solutions provides full-service, step-by-step guidance and support to acquiring or selling a car dealership. The company boasts a proprietary appraisal system that allows clients to understand the market value and potential for their dealership; to-date, Dealer Solutions has conducted more than 500 dealership appraisals. And, its extensive network of personal relationships allows buyers and sellers to tap into a wide-ranging group of contacts across Canada and the U.S.
To learn more about Dealer Solutions, visit http://www.DealerSolutionsNA.com/.
About Dealer Solutions North America
Dealer Solutions is a leading advisor in auto dealership mergers and acquisitions. Founded in 2012 by Farid Ahmad, Dealer Solutions has completed nearly 120 transactions in the last five years, representing dealership sales of more than $3 billion dollars. The company has offices in Toronto, Montreal, Calgary, Vancouver, and Detroit. To learn more about Dealer Solutions N.A., please visit http://www.DealerSolutionsNA.com/.
SOURCE Yield PR
