NBB Insights:

SOLD: Holiday Automotive of Fond du Lac, Wisconsin

NBB
by
NBB
Holiday Ford building in Fond du Lac, Wisconsin

National Business Brokers is pleased to announce the sale of Holiday Automotive, in Fond du Lac, Wisconsin, from Mike Shannon to his son Micheal Shannon, Jr.

Mike Shannon, Sr., initially approached NBB with the intent to sell his extremely successful stores, including Ford, GMC, Mazda, Buick, Cadillac and Chevrolet brands. Scott Mackie, NBB’s SVP for the Midwest, worked with Shannon to explore all of his options.

Shannon said he appreciated Mackie’s assistance all along the way, even when the transaction turned into a transfer of stock to family members.

“Scott Mackie really helped me transition from owning my dealership, to selling the business to my children. Scott advised in setting the value of the dealership and researched all my options, including an outright sale. He brought me three strong, legitimate offers. But at the end of the day my kids wanted to keep it. Scott helped us put that deal together. The NBB team supported me in this decision, and I can’t say enough about how much I appreciate their help.”

Michael Shannon, Jr., will carry the business forward as the Dealer/Operator for Holiday Automotive.

Scott Mackie called it an honor to represent Mike Shannon and the entire Holiday team throughout this process. “Mike has shown impeccable attention to detail and flawless performance in every aspect of the Holiday business. I wish him well in retirement, and I wish Michael Jr. all the best as he formally takes over the leadership of the group.”

About NBB:
NBB has been the automotive sector’s trusted source and valued partner for M&A advisory services for nearly five decades. Founded in 1978, NBB has grown into one of the largest and most experienced automotive M&A advisory firms in the U.S., having facilitated more than 950 new car dealership and 4,500 total M&A transactions. With offices in California, Arizona, Florida, Michigan, New York and Texas, NBB provides a full range of services to clients for M&A transactions nationwide. The firm leverages its deep industry knowledge, proprietary market insights, and decades of transaction expertise to help clients successfully achieve their goals. NBB is one of the flagship portfolio companies of Accrual Equity Partners (AEP), a uniquely positioned private equity firm that identifies, invests in, and partners with scalable companies in highly fragmented industries that are poised to reach the next level.
Media Contacts:
Andrew Backover: andy@leveecommunications.com; (214) 502-2168
Charles Nicolas: charles@leveecommunications.com; (214) 557-5454