After a long period of declining value, auto dealers are discovering increased demand for their businesses, as publicly traded dealer groups and privately owned chains seek acquisitions in an industry that provides reliable revenue. Becker & Hebert assists companies looking to acquire dealerships and those looking to sell. We are an established and reputable business law firm with a 30-year track record of success in complex business transactions.
Over the past decade, thousands of dealerships were forced to close when two of the Big Three automakers, Chrysler, LLC and General Motors, filed for bankruptcy protection, and sales of new vehicles fell. Dealers who endured those lean years are now poised to reap the rewards.
However, for older dealers who are nearing retirement, recouping losses from the lean years might not be the best option. Similarly, smaller dealers may be feeling pressure from their manufacturer to modernize their showroom at too great a cost. A dealership sale during this period of peak demand may give these dealers greater value and immediate financial security. For these dealers and others who want to transition out of auto retailing, Becker & Hebert provides highly professional representation. Through meticulous due diligence, our business law attorneys protect your interests and help you achieve your long-term goals.
Many companies are eager to acquire showrooms in strategic locations. Becker & Hebert works closely with corporate development officers to evaluate assets for acquisition and remove legal impediments that might negatively impact value. Our firm is also well-positioned to act as local counsel for out-of-state interests looking to move into the Louisiana market through mergers and acquisitions.
Becker & Hebert provides knowledgeable counsel to companies engaged in mergers and acquisitions within the auto retail industry throughout Louisiana. Whether you wish to acquire or sell a dealership, our legal team can enhance your prospects of success. Call us at 337-446-0278 or contact us online to schedule a free consultation. We are conveniently located at 201 Rue Beauregard in Lafayette, on the corner of Kaliste Saloom Road and Rue Beauregard, just off U.S. 90.