
They bested all others on value or volume in the first quarter on major deals.
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Broker says the metro area is a hot one for buy-sell deals.
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Company says the buy is intended to enhance fleet management.
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Company culture will need to be addressed during the M&A process, and will require integration, which involves combining the values of more than just your company.
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LMP Automotive Holdings Inc. plans to terminate seven pending purchases of many auto dealerships due to an inability to secure financial commitments.
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M&A in the F&I sector will continue into the foreseeable future because private equity firms have record levels of dry powder, add-on acquisitions will be utilized to bolster existing platform investments, and, most importantly, companies need to remain on the offense with the competition.
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The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.
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Jim Polley gives agents interested in selling some sales advice after selling his own business twice in the past 18 months and participating in over 25 successful mergers and acquisitions over the last six years.
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