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FORT LAUDERDALE, Fla., May 7, 2021 /PRNewswire/
Haig Partners LLC, the leading buy-sell advisory firm to higher-value auto dealers, was the exclusive sell-side advisor to The Brown Auto Group ( Brown ) in the sale of its Buena Park Nissan and Puente Hills Nissan dealerships to HGreg.com. Brown also owns Puente Hills Ford which it is not selling.
Greg Brown said, When we decided to sell our Nissan dealerships, we wanted to choose an advisor that would conduct a nationwide process to attract the best possible buyer while still preserving confidentiality. I d like to thank Alan Haig and Mike Toth from Haig Partners who delivered more than I expected. They provided excellent advice and brought HGreg all the way from Florida and Canada. Plus, they assisted me to the very end of the transaction, even helping to put together the final numbers. Truly an impressive group.
HGreg acquires 2 Nissan stores near Los Angeles
Image courtesy of the company. Wednesday, May. 05, 2021, 01:32 PM By Auto Remarketing Staff LOS ANGELES -
HGreg.com showed again on Wednesday why it’s one of the fastest-growing automotive groups in North America.
The company announced that it has acquired Buena Park Nissan and Puente Hills Nissan, two established retailers located in the greater Los Angeles area.
According to a news release, the total value of the investment, including a robust inventory and renovations to upgrade to the next-generation storefront design, is estimated at a value of more than $100 million.
Company leadership said the acquisition enables HGreg to continue its growth plans for the West Coast, expand its inventory of quality, pre-owned vehicles and, ultimately, help customers save more, drive happier and enjoy the omnichannel vehicle buying journey that it has committed to streamlining.
By Ciara Rickard
May 5, 2021 Customer-centric
dealership chain
HGrégoire operates in
Quebec, Florida and
California, and plans to
expand even further. (Courtesy of HGrégoire)
John Hairabedian didn’t plan to join the family business. But after he sold the tech company he started in university (which he and his co-founder, Harry Kasparian, grew into a fairly successful enterprise) six months after graduating, he found himself both available and experienced. So when his dad, Greg, asked if he was interested in taking over HGrégoire, the car dealership he started in Montreal in 1993, it wasn’t a difficult decision. “I realized it was a great opportunity to spend a lot of time with my dad,” says Hairabedian. And it’s been great ever since.” Kasparian joined at the same time, as chief marketing officer.