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 National Business Brokers
National Business Brokers has been helping new car dealers buy and sell their stores for 43 years. With five regional offices across the country, NBB has national coverage and local familiarity. NBB has successfully closed over 850 transactions in the auto industry, more than any other M&A firm in the industry.
With offices in California, Texas, Michigan, New Jersey and Florida, NBB represents sellers throughout the United States, and buyers from around the world. Clients rely on NBB for confidentiality, expert counsel, and a deep network of relationships that enables us to connect the right buyers and sellers for the best opportunities.
NBB is headquartered in Irvine, CA. For more information visit www.nationalbusinessbrokers.com or call 800-576-9875.