DETROIT, Mich. — Automotive mergers and acquisitions consulting group Dealer Solutions North America today announced its expansion into the U.S. market.
Founded in 2012 by career car professional Farid Ahmad, Dealer Solutions has advised on the successful closing of more than 160 dealerships in deals worth more than $3 billion in value. The privately-held company is headquartered in Toronto and claims to sell 15 times as many dealerships as its closest competitor.
Dealer Solutions provides full-service, step-by-step guidance and support to acquiring or selling a car dealership. The company boasts a proprietary appraisal system that allows clients to understand the market value and potential for their dealership; to-date, Dealer Solutions has conducted nearly 500 dealership appraisals. The company’s expansion into the U.S. is the result of two years of exhaustive study, with the first new office opening in metro Detroit in late 2017, and dealership listings within the same period.
“Our Canadian-U.S. group is diversified and we are on course for continued growth, which combined with our proprietary process and ability to seamlessly bring buyers and sellers together, allows us to provide more value to clients in both countries,” says Dealer Solutions North America CEO Farid Ahmad. “Our team of merger-and-acquisition experts collectively hold more than 30 decades of combined experience in the automotive industry, and we’re thrilled to be in the U.S. market”
Leading the firm’s U.S. offices is industry veteran Russell Hill, who has more than 50 years of experience across multiple sectors of the business. In prior roles, Russ led sales and dealer operations for Audi of America, oversaw a network of dealers for Penske Automotive Group as vice president of Northern California, and returned to Detroit as vice president of operations for Penske. Most recently, Hill has launched several successful auto-industry businesses and consultancies.
“We are exclusively dedicated to assisting dealers and investors interested in making the most out of today’s robust market, which is poised for a dramatic valuation shift,” said Hill, who will serve as the firm’s COO. “Tax reforms, favorable banking and continued investment by both OEMs and high-tech firms are attracting a new level of domestic and international interest. We expect these factors will continue to fuel increased demand for dealerships among well-funded investors.”
The U.S. offices of Dealer Solutions are in metro Detroit, with consultant offices in Florida, Georgia, Virginia, North Carolina, Connecticut, and Michigan.
Originally posted on F&I and Showroom