DALLAS – Generational Equity, a mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Papa's Dodge, Inc. to Dobbs Equity Partners, LLC. The acquisition closed November 5, 2021.
Located in New Britain, Connecticut, Papa’s Dodge (dba Papa's Chrysler Dodge Jeep Ram) is a leading new and used automotive dealership in Connecticut representing leading brands. The Company has established itself as a preeminent dealership in the region carrying the following brands: Chrysler, Dodge, Jeep, Ram and Certified Used Cars and Trucks. Given the Company’s established operations and regional reputation, Papa’s Dodge is well-positioned to maintain consistent operations in an active market.
Dobbs Family Automotive (a holding of Dobbs Equity Partners), located in Memphis, Tennessee, is a platform investment portfolio of franchise automobile dealerships. The Dobbs Family has a rich history in the automobile industry dating back to the 1920s. Three generations of Dobbs family members have been involved with various domestic and import automobile manufacturers, including Ford, Honda, Toyota, Lexus, and others throughout the United States. Dobbs Family Automotive currently has 9 dealerships.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Managing Director, M&A, Ahmad Behjati, with the support of Vice President, M&A, Tristan Keeffe, successfully closed the deal. Senior Managing Joe Van Voorhis established the initial relationship with Papa’s Dodge.
“At Generational Equity we are a strong believer of preserving the legacy of our clients. Dobbs' Family has a proven history of successful auto dealership ownership for an almost 100 years. I had a pleasure of meeting John Hull Dobbs, Jr. CEO and working with Rick Greene the COO of Dobbs Equity Partners to bring this transaction to a successful closing,” said Behjati.
He added, “I am confident the Dobbs' Family will be great steward of Papa's Dodge, and it’s Generational legacy.”