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Stock impact report

The Presidio Group Exclusively Advises AutoNation on Acquisition of Mercedes-Benz of Chicago and Fletcher Jones Audi from Fletcher Jones Automotive Group

AutoNation, Inc. (AN) 
Last autonation, inc. earnings: 2/11 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.autonation.com
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised AutoNation, Inc. (NYSE: AN) on its acquisition of a Mercedes-Benz dealership and Audi dealership, both in Chicago, from Fletcher Jones Automotive Group.The purchase of Mercedes-Benz of Chicago and Fletcher Jones Audi, along with their related real estate, closed on Sept. 15. The acquisition expands AutoNation’s footprint in metro Chicago to nine dealerships. The retailer now has three Mercedes-Benz stores and two Audi stores in the area.“We are excited to expand our presence in the Chicago market with the acquisition of these flagship dealerships,” said AutoNation CEO Mike Manley. “The Presidio team’s M&A expertise, professionalism and ability to facilitate a seamless process were invaluable throughout this transaction.”With the transaction Show less Read more
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