The Presidio Group Advises on Sale of The Suburban Collection: Largest Number of Franchises Sold to Date in a Strategic Transaction
Summary
“A tradition is carried on when like-minded professionals work together to ensure a vision is continually realized,” said David T. Fischer, chairman of Suburban Collection Holdings. “This new partnership will ensure our customers are served like never before and our team members are afforded new opportunities for growth and advancement.” “The Presidio Group was a careful steward of our requirements for matching us with the best buyer, Lithia Motors, to take our dealerships to the next level for growth,” said David Fischer Jr., president and CEO of The Suburban Collection. “Presidio truly understands the dynamics of these complex transactions, including the needs of each party.” He added: “The leadership at The Suburban Collection is exceptional and has operated this award-winning, family-owned business for more than 70 years. We look forward to adding The Suburban Collection’s team members to our family and working with David Fischer Jr. and his team.” Based in southeastern Michigan and founded by the Fischer family in 1948, The Suburban Collection has been a pillar of the region, growing from one dealership to 56 dealership franchises across 34 locations and supporting the communities in which it operates, including through significant contributions to local charities. “Working with the Fischer family to sell its outstanding collection of dealerships was an honor,” said Brodie Cobb, founder and CEO of The Presidio Group.