A federal court in Tennessee denied a manufacturer’s motion to dismiss claims that it acted in bad faith and constructively terminated a dealership when it denied the dealer’s proposed.
Maryland private equity firm connected to Hudson Automotive buys from Reed family
A private equity firm connected to a South Carolina-based automotive dealership establishing a strong local presence has paid $3.56 million for an Antioch property, with the seller an entity affiliated with Nashville’s Reed family.
According to a Davidson County Register of Deeds document, Hanover, Maryland-based Redwood Capital Investments now owns the property, located at
Billionaire Jim Davis oversees Redwood, which in late 2020 paid $6.9 million for the South Nashville property to which Charleston-based Hudson Automotive will locate in the future (read more
here). Davis is co-founder of Allegis Group, which bills itself as the largest staffing firm in the U.S., with cousin Steve Bisciotti, the majority owner of the NFL’s Baltimore Ravens.