One of the biggest players in the dealership M&A world reached into the dealer group world for its latest executive hire.

The Presidio Group has added Group 1 Automotive’s Jamie Albertine as a managing director with a focus on Presidio’s dealership mergers and acquisition business and advising dealers about corporate development strategies.

“Jamie’s deep understanding of dealers’ growth objectives, capital allocation and market dynamics makes him an outstanding fit for Presidio,” Presidio president George Karolis said. “He has spent his career at the intersection of strategy and execution, and his insight into how dealers think about the next chapter for their businesses will be invaluable to our clients.”

For the past three years, Albertine was Group 1’s vice president of corporate development, leading its corporate development group with responsibility for mergers and acquisitions, real estate, manufacturer relations and procurement activities. In that span, he led 25 acquisition or disposition transactions involving more than 40 dealerships, Presidio said.

Jamie Albertine

Albertine also managed Group 1’s multibillion-dollar real estate portfolio, including acquisitions, dispositions and real estate development projects related to dealer site relocations.

He previously served as vice president of strategic initiatives and corporate development for MileOne Autogroup, implementing strategic priorities for the dealership group’s 70-plus stores. His resume also includes positions as managing partner and senior analyst for Consumer Edge Research and as director and lead automotive analyst for Stifel Nicolaus & Co.

Albertine called Presidio “the premier investment bank working in auto retail,” whose “track record in the dealership buy-sell space, including its work shepherding some of the biggest strategic transactions in recent industry history, is unmatched.”

In a news release, Presidio CEO Brodie Cobb said Albertine’s blend of dealership group experience, boardroom perspective and industry analysis expertise will expand the firm’s ability to guide its of dealer clients through complex strategic decisions.

“Jamie is a highly respected voice in automotive retail and a proven leader in dealership M&A,” Cobb said. “The combination of his operational expertise along with his capital markets and strategic analysis background will strengthen our ability to help dealers navigate their most important decisions.”

Assad comes on board as AutoTech Services principal

The company also announced via LinkedIn it has added Matt Assad as a principal in its AutoTech Services business, focusing on helping automotive technology and services company clients evaluate strategic options, execute transactions and advance their long-term growth plans.

Assad is a veteran of more than 10 years in investment banking, primarily advising middle-market software, information services and tech-enabled services companies on M&A and capital raising, Presidio said.

He has held director-level roles with BrightTower and TD Cowen and previously built his investment banking career at Portico Capital and Barclays. He has advised on a number of notable auto tech transactions, Presidio said, including the sale of TSD Mobility Solutions to Reynolds and Reynolds, the merger of AutoPay with RateGenius and a strategic investment in Impel by Silversmith Capital Partners.

His software and data M&A and private capital transactions with TD Cowen and Portico represent more than $1 billion of proceeds raised and more than $2.5 billion in enterprise value.