Haig Partners Served as the Exclusive Sell-Side Advisor on the Sale of Lake Norman Chrysler-Dodge-Jeep-RAM and Gastonia Chrysler-Dodge-Jeep-RAM to Parks Automotive Group – Setting New Record for Stellantis Dealership Value

Fort Lauderdale, FL–(business wire)–Haig Partners LLC acted as exclusive sales advisor to Jack and Robin Salzman in the sale of the Lake Norman Chrysler-Dodge-Jeep-RAM and Gastonia Chrysler-Dodge-Jeep-RAM dealerships in North Carolina to Parks Automotive. served. group. Parks Automotive Group owns 13 dealerships in North Carolina, South Carolina and Virginia and is led by President Adam Parks. The sale of the Lake Norman Chrysler-Dodge-Jeep-RAM is believed to set a record for the highest-grossing Chrysler-Dodge-Jeep-RAM dealer in history.

“With great pride and a little sadness, Robin and I announce the sale of our Lake Norman and Gastonia Chrysler Dodge Jeep Ram stores to Parks Automotive Group,” said former owner Jack Salzman. For nearly 20 years, we have sold over 70,000 vehicles, built a team to serve over 1 million customers, and exceeded our dreams of success.88 consecutive months of new vehicle sales. It achieved the number one position and entered the top 10 in the country for both new vehicle sales and CPOV sales.

“The real achievement is that we have become an integral part of the communities we serve. Through donations, support and hard work, we strive to make a difference and are recognized for our achievements time and time again. A true hero in our community work was Robin, who selflessly embarked on a remarkable career as Vice President/Market Manager for three stations on CBS Radio and Market Manager of the Year in the United States. Not only did she move to North Carolina with me and own a dealership and handle all the marketing, she also left her mark as a philanthropist.

“I have had many mentors over the years, but I would like to name three. Kim Hackett gave me my first opportunity in the automotive business after I graduated from law school. Together, we grew the Pontiac store in Florida into a premier dealership.After AutoNation acquired our store, Mike Maroone focused on the details that others overlooked, For pushing and guiding me to do business at a very high level, and finally, Charlie Cantrel, who taught our group of 20 to navigate the left edge of the page, has been around for 15 years. From a mentor to an incredible friend during

“Thanks also to Alan Haig and Derek Garber from Haig Partners. ‘Haig is reliable,’ Robin and I said during the deal. We wanted an advisory firm to help us sell our dealer and Haig’s team worked hard to prove they were the right choice for us. showed his unparalleled experience in selling dealers on many points.

“Robin and I wish Adam Parks and his team all the best and we are confident they will take dealerships to the next level. In addition, Carolina Custom and the Lake Norman Commercial Center are slated to open with 112,000 square feet of Custom & Fleet Builds and Serviced Neighborhoods. Over 200,000 square feet on 34 acres with 86 service bays, the all-new CDJR dealership, customization and commercial center, and independent used car dealership.

“Robin and I are proud to watch as we begin the next chapter of our lives. Meanwhile, Robin continues to expand her philanthropic efforts with the Giving With Grace Foundation (givingwithgrace.org).

“Thank you to everyone who has been involved in our wonderful journey through North Carolina over the past 19+ years! Thank you for giving me the opportunity to build!”

Alan Haig, President of Haig Partners and Advisor to Salzmans, said: Some highlights are:

  • #1 New Vehicle Sales in Carolina for 88 Consecutive Months

  • Top 10 new car sales in the U.S. for several years

  • Consistently ranked in the top 10 by sales of certified pre-owned vehicles in the U.S.

  • In 2018 Jack was named Time Dealer of the Year.

  • In 2021, Jack and Robin named Charlotte Business Journal’s Most Admired CEOs in Family-Owned Businesses

  • Jack has been a member of CDJR’s National Dealer Council for the past six years and was due to become chairman in 2023.

“Their success is truly an American success story, proving that hard work and determination can lead to greatness. Our entire team congratulates them as they move on to new opportunities. We are very proud to have partnered with them on such a successful transaction, where the story is complicated by their move to a new and much larger facility, a recently opened commercial upfitting center and an upcoming used car superstore. A story of what is and what can be done.

“Also kudos to Adam Parks for his vision to see that Lake Norman CDJR could become one of, if not the most profitable dealer of its kind. Lake Norman and Gastonia are both growing fast and North Carolina is an excellent state for dealers Very high sales and service work potential is what we have seen in our careers so far is very different from

“This transaction shows that the market remains strong for dealers. No hesitation, we expect 2023 to be similar to 2022, our second best sales year ever.” Haig Partners is exclusive sell-side advisor on the Lake Norman Chrysler-Dodge-Jeep-RAM sale. represents another record-breaking deal that served as

Adam Parkes, President of Parkes Automotive Group, said: They do an impressive job of selling and servicing the marketplace and their culture is perfectly aligned with our organization.Thanks Jack and Robin Salzman. Our family wishes you happiness and success in the next chapter of your business and philanthropic endeavors. ”

Frank Killgore of Killgore Pearlman Semanie and Squires and Bob McIntosh and Larry Shaheen of McIntosh Law Firm represented Salzmans as legal counsel. Jim Godfrey of Tyler, Simms and St. Sauveur, CPAs PLLC provided accounting services for the Salzmans. Nolen PLLC’s Brian Nolen acted as legal counsel to Parks Automotive. James Taylor of Trust Securities provided advisory services to Parks Automotive.

About Haig Partners

Haig Partners LLC helps dealers maximize the value of their business. The Haig Partners team has unparalleled experience working with former executives of large retail dealer groups and financial institutions. Over the course of their career, they have led over 590 dealer deals totaling $9.3 billion. Haig Partners leverages its expertise and hand-picked dealer relationships with his buyers to guide clients through a confidential and customizable sales process to generate the best possible prices. Haig Partners publishes the Haig Report, the industry’s leading quarterly report. The report tracks automotive retail trends and their impact on dealer value, and is co-author of NADA’s guide “Buying and Selling a Dealership.” For more information, please visit www.haigpartners.com.

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