Fort Lauderdale, FL – September 15, 2022 – In a significant transaction highlighting the robust market for Chevrolet dealerships, Haig Partners LLC, a leading buy-sell advisory firm specializing in auto, heavy truck, and RV dealerships, proudly served as the exclusive advisor in the sale of J&M Chevrolet. This well-established dealership, located just outside Raleigh, North Carolina, has transitioned to new ownership under Dan Miller and Mark Zurales.
J&M Chevrolet, a cornerstone of the Raleigh-Durham automotive community, boasts a rich history dating back to its incorporation in the late 1920s. As one of the oldest dealerships in Wake County, it has been a trusted Partners Chevrolet dealer for generations. Carlos Wheeler, a second-generation dealer, along with his esteemed business partner David Stepp and the dedicated J&M Chevrolet team, cultivated a strong reputation for outstanding customer service and community engagement over decades.
Partners Chevrolet Dealership Acquisition: J&M Chevrolet Sold with Haig Partners as Advisor
Reflecting on the dealership’s legacy, Carlos Wheeler, the Dealer Principal, stated, “Our family has been privileged to represent the respected Chevrolet brand and serve our customers and communities for many years. Witnessing the growth of the Raleigh-Durham area has been rewarding. While we will miss our customers and community involvement, we are confident that Dan and his team will continue this legacy.” He further acknowledged Haig Partners’ crucial role: “John Davis and the Haig Partners team were indispensable. Their expertise in auto retail and extensive industry network were vital in identifying the ideal buyer. They recognized the growing desirability of our market, attracting an out-of-state buyer who offered premium value, demonstrating their exceptional understanding of the partners chevrolet landscape.”
John Davis, Managing Director at Haig Partners, commented on the successful transaction, “Advising Carlos on the sale of his family’s dealership was an honor. We aimed to find a buyer who valued J&M Chevrolet’s heritage and commitment to customers and the community. This transaction underscores the considerable opportunities for dealerships, especially partners chevrolet locations, in rapidly expanding markets.”
Expressing his enthusiasm, Dan Miller shared, “We are thrilled to welcome J&M Chevrolet into our group. Carlos, David, and their team have built an exceptional dealership with a premier brand. We appreciate their trust and are pleased that David Stepp will remain as General Manager, partnering with Mark Zurales, the dealer principal, under the dealership’s new name, MZ Chevrolet, continuing the strong partners chevrolet tradition in the region.”
Haig Partners’ impressive track record in 2022 includes involvement in 32 dealership transactions nationwide, solidifying their position as leaders in facilitating successful partnerships and dealership transitions within the automotive sector, particularly for brands like partners chevrolet.
Legal counsel for J&M Chevrolet was provided by Eric Pridgen of Underwood & Roberts, PLLC, and Thurston Debnam of Smith Debnam Narron Drake Saintsing & Myers, LLP. Michael Charapp of Mahdavi Bacon Halfhill & Young, PLLC, served as legal counsel for Dan Miller.
About Haig Partners
Haig Partners LLC is the leading advisory firm for buy-sell transactions of auto, heavy truck, and RV dealerships. Their team of experts, with backgrounds in leading retail dealer groups and financial institutions, offers unparalleled guidance to maximize dealership value during sales. Having advised on over 575 dealership transactions valued at more than $9.0 billion, including numerous partners chevrolet dealerships, Haig Partners is the trusted choice for dealers nationwide. They are the authors of the Haig Report, a leading industry quarterly report, and co-authors of NADA’s Guide, “Buying and Selling a Dealership.” For more information, please visit www.haigpartners.com.
Transaction Contact:
John Davis, Managing Director
Haig Partners
[email protected]
(404) 406-7110
Media Contact:
Aimee Allen, Director of Marketing and Business Development
Haig Partners
[email protected]
(603) 933-2194
