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BSM Expects to Close a Record Number of Dealership Buy Sell Agreements in 2018

Quarter 2, 2018

BSM Expects to Close a Record Number of Dealership Buy Sell Agreements in 2018

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In calendar year 2017, BSM closed 40 different motor vehicle buy-sell agreements involving over 60 dealership rooftops in 16 states.  BSM partner, Robert Bass, who heads up the transaction section of the law practice, states that we have closed 25 buy-sell transactions already this year and currently have 30 more transactions in various stages of completion.  The 25 transactions already completed this year involved 34 separate rooftops.  As in 2017, the vast majority of dealership purchases were made by mid to large, privately held dealership organizations.  There has been minimal activity from public companies and private equity groups.