Transaction
Share
Generational Equity Advises Papa’s Dodge in its Sale to Dobbs Equity Partners
By Generational Equity
12/29/2021
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Papa’s Dodge, Inc., to Dobbs Equity Partners, LLC. The acquisition closed November 5, 2021.
Located in New Britain, Connecticut, Papa’s Dodge (dba Papa’s Chrysler Dodge Jeep Ram) is a leading new and used automotive dealership in Connecticut representing leading brands. The Company has established itself as a preeminent dealership in the region carrying the following brands: Chrysler, Dodge, Jeep, Ram and Certified Used Cars and Trucks. Given the Company’s established operations and regional reputation, Papa’s Dodge is well-positioned to maintain consistent operations in an active market.
Dobbs Family Automotive (a holding of Dobbs Equity Partners), located in Memphis, Tennessee, is a platform investment portfolio of franchise automobile dealerships. The Dobbs Family has a rich history in the automobile industry dating back to the 1920s. Three generations of Dobbs family members have been involved with various domestic and import automobile manufacturers, including Ford, Honda, Toyota, Lexus, and others throughout the United States. Dobbs Family Automotive currently has 9 dealerships.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Managing Director, M&A, Ahmad Behjati, with the support of Vice President, M&A, Tristan Keeffe, successfully closed the deal. Senior Managing Joe Van Voorhis established the initial relationship with Papa’s Dodge.
“At Generational Equity we are a strong believer in preserving the legacy of our clients. Dobbs’ Family has a proven history of successful auto dealership ownership for almost 100 years. I had the pleasure of meeting John Hull Dobbs, Jr. CEO and working with Rick Greene the COO of Dobbs Equity Partners to bring this transaction to a successful closing,” said Behjati.
He added, “I am confident the Dobbs’ Family will be a great steward of Papa’s Dodge, and its Generational legacy.”
About Generational
Generational Group, headquartered in Dallas, Texas, is a leading, award-winning full-service M&A advisory firm. With over 300 professionals across 15 offices in North America, the company helps business owners unlock the full value of their businesses through a comprehensive suite of advisory services. These include strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.
The M&A Advisor named Generational Group Investment Banking Firm of the Year in 2016, 2017, 2018, 2022 & 2024. They also awarded us Valuation Firm of the Year and M&A Consulting Firm of the Year in 2022 and 2023. For more information, visit: https://www.generational.com.