The Presidio Group Exclusively Advised AutoCanada on the Sale of Toyota of Lincolnwood to Serra Automotive
The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised AutoCanada Inc. (“AutoCanada”) (TSX: ACQ) on the sale of Toyota of Lincolnwood in Lincolnwood, Ill., to Serra Automotive. The transaction closed June 22.
With the sale, AutoCanada has nearly completed its previously announced exit from the U.S.
For Serra Automotive, the acquisition bolsters its presence in the greater Chicago market and expands its investment in Toyota, which carries a strong consumer demand profile.
“This was an attractive opportunity for us in a market where we wanted to grow,” said Joe Serra, chairman of Serra Automotive. “Toyota is a proven brand with long-term strength, and we liked the positioning of this store in the Chicago suburbs. Presidio ran a professional and well-structured process that brought the transaction to a successful close, and we thank them for their role in bringing the parties together.”
