Haig Partners acted as the conduit for a pair of Texas Toyota stores to change ownership.
The firm represented Jerry Durant on the sale of Durant Toyota of Weatherford, Texas, and Jerry Durant Toyota of Granbury, Texas to the Shottenkirk Automotive Group.
Founded in 1964, Shottenkirk Auto Group has grown to 15 dealerships in five states.
“Our team is thrilled to join the dealer community in Texas, and we thank Jerry Durant for giving us the opportunity to buy his two Toyota stores,” Shottenkirk Auto Group chief executive officer Greg Shottenkirk said.
“Jerry has set a high bar for delivering excellent customer service and we look forward to building on that legacy,” Shottenkirk continued.
Haig mentioned that this transaction was the firm’s third closing so far in this year, while noting that Durant will not be selling any other dealerships.
Jerry Durant said, “I will miss working with the talented staff at Durant Toyota and Jerry Durant Toyota, but I am looking forward to a little less stress and a little more time at the beach.
“Greg Shottenkirk and his team turned out to be the perfect buyer for me, showing integrity and professionalism every step of the way,” Durant continued. “I welcome them to the Weatherford and Granbury communities.
“I also want to thank Alan Haig at Haig Partners. He heard what I wanted and his experience in buy-sells helped make sure the process turned out just the way I hoped,” Durant went on to say.
Haig of Haig Partners was the financial adviser to Durant. John Shackelford at Shackelford, Bowen, McKinley & Norton served as legal counsel to Durant. George Taylor III of Burr & Forman provided legal advice to Shottenkirk.
“We were honored to be able to help Jerry achieve his goals,” Haig said. “Buyers continue to be extremely interested in dealerships in the great state of Texas, and Toyota remains one of the most desirable franchises.
“The market for higher value dealerships continues to be highly active and 2019 is shaping up to be another big year for dealership sales,” Haig went on to say.