The Presidio Group Advises on the Sale of Terry Lee Hyundai & Genesis of Noblesville to Penske Automotive Group
Summary
NOBLESVILLE, Ind.--(BUSINESS WIRE)--The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Terry Lee on the sale of Terry Lee Hyundai & Genesis of Noblesville to Penske Automotive Group (NYSE: PAG). “I am especially proud of the dealerships’ innovative design, which allows them to take advantage of synergies while maintaining separate brand identities.” He added: “I again turned to the consummate professionals at The Presidio Group to handle this transaction because they understood my priorities. I knew they would find the best buyer and that the entire process would be timely and confidential.” Commenting on the acquisition, Chair and CEO Roger Penske said, “We are pleased to add the Hyundai and Genesis brands to our existing Honda and Chevrolet footprint in the Indianapolis metropolitan market and welcome their employees to our team. Knowing how franchises fit into potential buyers’ strategic growth plans is crucial to providing our clients with the best possible outcome,” said Brodie Cobb, founder and CEO of The Presidio Group. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems and related parts and services principally in Australia and New Zealand.