AutoCanada Sells Two Chicago Dealerships to Berman Automotive Group
Event summary
- Haig Partners advised AutoCanada’s Leader Automotive Group on the sale of Kia of Lincolnwood and Hyundai of Lincolnwood to Berman Automotive Group.
- The deal marks the sixth and seventh dealership sales Haig Partners has facilitated for AutoCanada in the Chicagoland area.
- Berman Automotive Group, a family-owned dealership group, expands its footprint with these acquisitions.
- Haig Partners has advised on 133 dealership transactions in the Midwest, reinforcing its regional expertise.
The big picture
AutoCanada’s sale of two Chicago dealerships to Berman Automotive Group underscores a broader trend of consolidation in the automotive retail sector. The transaction, advised by Haig Partners, highlights the strategic realignment of publicly traded automotive retailers looking to streamline their portfolios. Berman Automotive Group’s acquisition reflects the growing scale and regional influence of family-owned dealership groups in key markets.
What we're watching
- Strategic Realignment
- How AutoCanada’s divestiture strategy will impact its U.S. operations and market positioning.
- Regional Consolidation
- Whether Berman Automotive Group can sustain its growth trajectory in the competitive Chicagoland market.
- Advisory Firm Influence
- The pace at which Haig Partners can maintain its dominance in Midwest automotive dealership transactions.