Haig Partners was proud to serve as the exclusive sell-side advisor to David McDermott on the sale f McDermott Auto Group to PSD Automotive Group.
David McDermott said, “My family has been encouraging me for years to retire. When the buy-sell market heated up, I decided that the time was right to sell the dealerships. This has been a terrific deal for all concerned. I’m thrilled that the buyer was sufficiently impressed with our organization that he hired every one of our employees and is retaining the name. My customers and I will miss each other, but they will be happy with the new owner, too. I’d also like to say how pleased I was with Alan Haig and Nate Klebacha at Haig Partners. Many dealers have called through the years to buy our Lexus and Chevrolet stores, and I’ve sold some of the other dealerships I’ve owned over the years on my own. However, Alan and his team had come highly recommended and they lived up to their reputation as being trustworthy advisors who were highly effective. The transaction was fast, pleasurable and I’m more than happy with the deal terms.”
