Haig Partners LLC is pleased to have represented Motor Werks Auto Group (“Motor Werks”) in the sale of Mercedes-Benz of Hoffman Estates, Jaguar Land Rover Schaumburg and Infiniti of Hoffman Estates to Zeigler Automotive Group (“Zeigler”). “I congratulate Aaron Zeigler on the purchase of these three dealerships. This transaction allows us to focus on refining our One&OnlyTM customer buying experience at our Motor Werks Barrington platform which we plan to retain for many years to come,” said Mick Austin, partner and Dealer Principal at Motor Werks. “I’d like to thank Alan Haig and Nate Klebacha at Haig Partners who assisted us in running a process which yielded a desirable outcome for all parties. They worked hard on our behalf and provided trusted advice along the way.”
Stephen Dietrich of Holland and Knight served as legal counsel to Motor Werks. “We are excited to be adding these new dealerships to our lineup,” Zeigler Automotive Group President Aaron Zeigler said in a written statement. “These are high-performing stores that will undoubtedly expand our luxury reach in the market and give our customers more options with the same exceptional service they’ve come to expect from Zeigler.” Zeigler was founded in 1975 and currently operates 75 franchises at 30 locations in Illinois, Indiana and Michigan.
Alan Haig, President of Haig Partners, stated, “It was an honor to assist Paul Tamraz and Mick Austin in the sale of these dealerships. Luxury brands like Mercedes-Benz and Jaguar Land Rover are highly attractive franchises. Aaron Zeigler understood their value and saw a great fit with his other stores in the area. We wish him much success. This transaction also demonstrates the strength of today’s automotive buy-sell market. Thanks to strong dealership profits and inexpensive credit, consolidators continue to search for acquisition opportunities.”
Haig Partners LLC is a boutique investment banking firm that focuses on auto/heavy truck/RV dealers and the companies that serve them. It is the leading buy-sell advisory firm to owners of higher value dealerships and dealership groups. Since 1996, the principals at Haig Partners have completed 180 dealership transactions totaling $5.1 billion, more than any other team in the industry. They also publish the widely followed Haig Report that tracks trends in the auto industry and how they impact dealership valuations. The latest Haig Report is available here. Alan Haig is a frequent speaker at leading industry events.