Presidio Group advises Hartz Automotive in sale of ownership in 3 SoCal Penske dealerships to Franchise Equity Partners. Transaction closed on Dec. 16.
In Cerritos, California, The Presidio Group LLC recently facilitated a transaction where Hartz Automotive sold its ownership shares in three Southern California dealerships to Franchise Equity Partners. The deal, which concluded on December 16th, included Hartz Automotive's interests in Penske Buick-GMC of Cerritos and Penske Chrysler-Dodge-Jeep-Ram of Cerritos. The Presidio Group LLC, a merchant banking firm specializing in mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, managed the exclusive advisory role in this transaction, showcasing their expertise in the field.
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