VinFast thinks that working with dealerships will help further expand its U.S. presence, more so than currently operating as a direct-to-consumer brand.
Press release content from Business Wire. The AP news staff was not involved in its creation.
The Presidio Group Advises on the Sale of Fink Automotive Group
March 2, 2021 GMT
TAMPA, Fla. (BUSINESS WIRE) Mar 2, 2021
The Presidio Group LLC (“Presidio”), a leading investment bank specializing in retail automotive and related M&A transactions, exclusively advised Scott Fink, President of Fink Automotive Group, on the sale of seven new vehicle dealership franchises in the greater Tampa market to Lithia Motors, Inc. (“Lithia”) [NYSE: LAD].
“The buy sell market is especially strong right now and we knew that joining efforts with a larger group was the best way to ensure that our dealerships will continue to be market leaders in today’s fast-changing auto retail environment,” said Scott Fink, President of Fink Automotive Group. “Lithia has the resources to elevate our dealerships to the next level of sophistication.”