The Automotive M&A World Just got a Little Bit Smaller

USA - English

• USA - English

TORONTO, Oct. 29, 2018 /PRNewswire-PRWeb/ -- Dealer Solutions North America has launched an exciting joint venture with ASE to open global automotive buy/sell markets.

Dealer Solution's customers now benefit from the massive Global reach this venture creates. Retailers selling their business will be visible to a Global retail audience that is looking to invest in Canada or the United States. North American retailers that desire to increase and diversify their portfolios now have an experienced company to turn to when looking to expand into the UK, European or Asian markets.

Toronto-based Dealer Solutions, has been expanding its North American operations over the past few years and now operates 7 Regional offices across Canada and the United States. Dealer Solutions has an impeccable M&A track record, producing over 500 dealer valuations and facilitating over 150 transactions.

ASE, one of the world's leading Automotive Business Management companies, based in Manchester England, has over 20 regional country offices and interacts with around 19,000 dealers per month.

Farid Ahmad, president and CEO of Dealer Solutions, said: "Recently we have noticed an increase in the number of well-structured and highly organized dealer groups looking to international dealership acquisitions to support their aggressive growth strategies.

"The challenge for many of these larger operators is finding the correct type of business to complement their growing portfolios and more often than not that profile is increasingly looking like a UK based or European Business with a strong management team that is running a tight business with strong manufacturer relationships. For this reason we have decided to partner with ASE global as their knowledge of the UK Automotive sector is second to none whilst having an unrivaled network of contacts across both brands and retailers within UK auto retail."

Mike Jones, chairman of ASE Global, added: "Across the globe the UK is seen as a highly advanced, stable motor retail environment. This makes UK motor retailers highly desirable and has been evidenced over recent years by the number of group acquisitions we have seen from overseas investors.

"With the value of sterling dropping 10% against the US dollar over recent months the UK is viewed as a cheap, safe and exciting place to invest, even in spite of the current challenge of WLTP and the impending disruption from Brexit. Our new partnership with Dealer Solutions is simply the next step in leveraging our knowledge and expertise across a market with an increasing international perspective."

SOURCE Dealer Solutions NA