Dealership groups expand through acquisition or, less frequently, by obtaining an open point from a manufacturer. After initially growing through acquisition, Friendly Automotive Group in Ne... Read more
By Gregory P. Dougherty, CPA, and Ronald Sompels, CPA, Crowe LLP In the midst of a strong market for dealership sales, more owners are weighing the sale of their businesses. Once they make t... Read more
By Christian J. Scali, Halbert Rasmussen, and Gus Paras – Scali Rasmussen In a simple asset purchase agreement (an “APA”), a seller makes warranties about assets, a buyer purchases the... Read more
By George M. Taylor, III It is not unusual for a dealership lawyer to first learn of a sale transaction when he or she receives a signed Letter of Intent (LOI) from the client. There is a se... Read more
By Joseph S. Aboyoun, Esq. One of the threshold questions when pondering the sale of your store is whether to include a broker or advisor in the process. Of course, this factor adds to the t... Read more
By Joseph S. Aboyoun, Esq. You’ve likely heard great stories about the dealer (sometimes your competitor) who received a new “point”, and how it became a tremendous success. You were envious... Read more
By Erin K. Tenner, attorney What Makes a Letter of Intent a Binding Agreement to Buy and Sell? There are two concepts in the law that can turn an unenforceable agreement to agree into a bind... Read more
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