- Georgica Auto Holdings operates 23 automotive retail franchises across NY, NJ, and PA
- Franchise Fairness Partners makes $70 million capital financial commitment in Georgica Automobile Holdings
- Arrangement gives Georgica Automobile Holdings obtain to FEP’s deep automotive and economic skills
- Funds expense supports Georgica Automobile Holdings strategic expansion prepare
NEW YORK, Oct. 26, 2022 /PRNewswire/ — Georgica Car Holdings, an automotive retail group with 23 franchises in the northeast, welcomed Franchise Equity Companions (FEP) as a minority shareholder adhering to a $70 million cash investment decision. Georgica Automobile Holdings is led by its CEO, Jon Sobel, an entrepreneur with over a decade of practical experience in the automotive retail marketplace. Georgica’s dealers account for over 20,000 new and used automobile income on a yearly basis, totaling extra than $1 billion in revenue.
“Bringing Franchise Fairness Partners in as a minority shareholder positions us to fast and thoughtfully mature our company, while retaining my Land Rover retailer in Manhattan and significantly of the actual estate, exterior of this partnership.” stated Jon Sobel, CEO of Georgica Car Holdings. “I have recognized FEP’s co-founders, Scott Romanoff and Mike Esposito, for additional than 25 many years and their unique design provides us the finest of all worlds—access to passive, long lasting cash and deep automotive and fiscal abilities although allowing us keep our versatility and autonomy as an unbiased small business.
Celebrating its very first year in procedure, Franchise Equity Partners, an independently operated portfolio firm of specific resources and accounts managed by HPS Expense Companions, materials large scale, ideal-in-class franchise proprietors with access to levels of money and in-household financial know-how that are usually reserved for community firms, although allowing these corporations to retain whole handle of their operations.
“It is a thrill to join forces with Georgica Automobile Holdings as we celebrate our 1st calendar year in organization,” explained Don Reese, CEO and President of FEP Automobile Holdings. “We imagine that Jon Sobel is an perfect lover as we expand our investments in the northeast, and we glimpse ahead to helping Georgica Vehicle Holdings unlock its full growth potential.”
“This is an remarkable time of important adjust for the automotive retail field as the dealer product continues to evolve and consumer desire for electrical cars accelerates,” claimed Mark LaNeve, Chairman of FEP Auto Holdings, “we consider scale will be critical and see remarkable opportunity with this investment in Georgica Auto Holdings as perfectly as potential investments to help sellers attain growth and scale their footprint and operations”.
Franchise Fairness Partners’ differentiated method will allow them to current a special presenting to prospective, advancement-oriented partners in the automotive retail industry: considerable company finance expertise combined with passive, everlasting money, and deep automobile-sector leadership experience. FEP Car Holdings Chairman Mark LaNeve phone calls on decades of automaker C-suite experience in North The us, while FEP Vehicle Holdings President Don Reese brings an similarly deep qualifications in seller administration, functions and financing.
Laurence M. Smith of Chiesa Shahinian & Giantomasi Computer represented Georgica Automobile Holdings and Stephen J. Dietrich of Holland & Knight represented Franchise Equity Partners in the transaction.
About Franchise Equity Associates
Franchise Equity Companions is a private expense company specializing in supplying capital to franchise firms and their owners. Its differentiated technique combines considerable corporate finance and functioning expertise with passive, lasting cash to empower progress, possession simplification, succession and estate planning, among other strategic organization opportunities. FEP invests across 5 business verticals: automotive dealers, restaurants, beverage distribution, large gear dealers and other shopper and small business expert services. FEP has an original concentrate on portfolio dimensions of $1 billion and is an independently operated portfolio firm of specific money and accounts managed by HPS Investment Partners, a leading international-different investment agency, with more than $92 billion of belongings below administration.
About Georgica Vehicle Holdings
Georgica Vehicle Holdings operates 23 automotive retail franchises throughout New York, New Jersey, and Pennsylvania. With dealerships symbolizing an legendary roster of mass-industry and luxurious automotive manufacturers, Georgica Automotive Holdings generates above $1 billion in once-a-year profits from over 20,000 new- and made use of-car transactions. Dealerships symbolizing a constellation of models from the Volkswagen Team, Porsche Cars North The united states, Basic Motors, BMW Group, Jaguar Land Rover, Stellantis, Toyota United states of america, American Honda, and Subaru of The united states.
To understand additional about Georgica Vehicle Holdings, make sure you visit www.georgicaautoholdings.com.
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Source Franchise Equity Partners