Dave Cantin Group Advises Buyer and Seller in Ownership Transition of EuroCar and Lotus of Orange County Auto Dealerships
2024年8月9日 - 3:23AM
The Dave Cantin Group (DCG), a mergers and acquisitions advisory
company to retail automotive groups and their owners, announces
that Edgar Castellanos and partners Open Road Capital have acquired
the automotive dealerships EuroCar and Lotus of Orange County from
Z NAFE.
EuroCar is recognized as the West Coast’s largest luxury and
exotic car boutique, where it holds an inventory of more than 150
of the world’s most distinctive automobiles in a 55,000-square-foot
climate-controlled facility. Lotus of Orange County stands as the
exclusive Lotus dealer in the region and is renowned as the premier
Lotus dealership on the West Coast. The acquisition of the two
dealerships by Castellanos and Open Road Capital (ORC) marks a
significant milestone in expanding their footprint in the luxury
and exotic car market.
“With EuroCar’s inventory, sales performance and an upcoming
service expansion, along with Lotus of Orange County’s exclusive
status, Castellanos and Open Road Capital are well-positioned to
capitalize on opportunities in the region’s luxury and exotic
vehicle market,” said Dave Cantin, CEO of Dave Cantin Group. “It’s
an honor and pleasure to work with great people in Z, Edgar and
ORC. It’s a credit to the DCG team for their expertise and
guidance, and we look forward to being of service as their business
continues to grow.”
Stephen Jones led the transaction for Dave Cantin Group, working
with both buyer and seller for a smooth ownership transition.
Testimonials for Dave Cantin Group:
Seller: Z NAFEI am thrilled to share my
exceptional experience working with the Dave Cantin Group in the
sale of my business, EuroCar. From the outset, their
professionalism and expertise were evident. The DCG team
demonstrated a profound understanding of the luxury automotive
market, coupled with an unparalleled dedication to achieving the
best possible outcome.
Navigating the sale of EuroCar, a leading luxury and exotic car
dealership, required not only strategic acumen but also a deep
appreciation for the intricacies of our unique business. Dave
Cantin Group excelled in both areas. They provided insightful
guidance, crafted a tailored strategy, and executed with precision,
ensuring a smooth and successful transaction.
Their commitment to excellence was clear at every step, from
valuing the business to negotiating the final deal. Their proactive
approach and transparent communication instilled confidence
throughout the process. Thanks to their efforts, EuroCar has
transitioned seamlessly into capable hands, ready to continue its
legacy of excellence.
I highly recommend the Dave Cantin Group to anyone seeking
exceptional advisory services for business transactions. Their
expertise, integrity, and dedication are truly unmatched.
Z NAFE, Former Owner, EuroCar and Lotus of Orange County
Buyer: Open Road CapitalWe appreciate the
efforts of Stephen Jones and the entire Dave Cantin Group team in
facilitating the acquisition of EuroCar and Lotus of Orange County.
Their expertise and dedication were instrumental in navigating this
complex transaction and achieving a successful outcome. We look
forward to building on this momentum and continuing to grow our
presence in the luxury and exotic automotive space.
Peter Sheptak, VP and General Counsel at Open Road Capital
About Dave Cantin GroupHeadquartered in New
York, NY, the Dave Cantin Group (DCG) is a leading automotive
M&A advisory company specializing in acquisitions,
divestitures, intelligence, and other advisory services. The
company is the M&A services provider of choice for North
America’s top automotive dealership groups. Through its M&A
intelligence division, DCG produces the automotive
podcast, Dealer News Today, and delivers relevant, timely
marketing intelligence, including the automotive industry Market
Outlook Report (MOR). The company’s nonprofit initiative, DCG
Giving, funds child and adolescent cancer research and treatment in
communities nationwide as well as other worthy charitable
initiatives its clients are passionate about. For more
information, please visit davecantingroup.com.
Media contact :Katie
Merxkmerx@lambert.com313.510.5090
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/457b9320-ab33-4fe4-95bf-bc74c75d6653