The Presidio Group Exclusively Advises the Brown Family on the Sale of Bill Brown Ford to Penske Automotive Group
“After nearly a century in the greater
Bill Brown Ford was founded in 1940 and has received numerous accolades over the decades. It most recently has tallied an impressive streak winning Ford’s most prestigious dealership awards — the automaker’s Triple Crown Award for the last seven years straight and its President’s Award for the last 17 consecutive years. It has been part of the
For 50 years, Bill Brown Ford was led by Ed Brown, who passed away in March 2023. The dealership flourished and cemented its customer-first approach under Ed Brown’s leadership, and he handed those values down to his children, current owners Tom Brown and Ruth Ann Brown.
“To say that Ford Motor Company has been transformational to our family and all the employees at Bill Brown Ford would be an understatement,” owner Ruth Ann Brown said. “There is no better organization than Penske Automotive Group to lead Bill Brown Ford into the future and represent Ford Motor Company.”
She added: “We appreciate the care and expertise that the Presidio team brought to the process of selling the business. The guidance from Presidio was exemplary, and we believe they helped us find the perfect buyer in Penske Automotive Group to carry our father’s vision forward and take the best possible care of our employees and customers.”
“Bill Brown Ford is an innovative retailer that has built a strong presence in
The transaction is one of the industry’s most notable dealership buy-sell deals so far in 2024.
“What an immense honor it was for the Presidio team to represent the Brown family and facilitate the sale of this remarkable business,” said Alex Watterson, managing director of The Presidio Group. “We congratulate Tom Brown, Ruth Ann Brown and Penske Automotive Group for completing this important transaction.”
“Penske Automotive Group is one of the industry’s legendary dealers, and it made perfect sense to entrust the organization with the Bill Brown Ford legacy,” said George Karolis, president of The Presidio Group. “It was a privilege for the Presidio team to facilitate this historic sale.”
Jeff G. Roberts and Emily K. Dillow, partners with Underwood & Roberts, PLLC, provided legal counsel to Bill Brown Ford.
The Presidio Group provided exclusive M&A advisory services to Bill Brown Ford through its wholly owned investment bank, Presidio Merchant Partners LLC.
About Bill Brown Ford
Bill Brown Ford is an award-winning Ford dealership and fleet truck center founded in 1940. The family-owned company operates its dealership and collision repair business on 29 acres in
About Penske Automotive Group, Inc.
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in
About The Presidio Group LLC
The Presidio Group was founded in 1998 with the simple mission to relentlessly put the interests of our clients first. By steadfastly adhering to this philosophy, the firm has earned the trust of clients throughout
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Brodie Cobb
(720) 844-3151
bcobb@thepresidiogroup.com
George Karolis
(678) 831-5520
gkarolis@thepresidiogroup.com
Source: The Presidio Group