Dennis Quick Auto Service Sold to Main Street Auto
Deal News | Dec 02, 2024 | Generational Equity
Generational Group, a prominent mergers and acquisitions advisory firm, has finalized the sale of Dennis Quick Auto Service & Sales, Inc. to Main Street Auto, marking a significant transaction in the automotive services industry. Dennis Quick Auto Service, a Snyder, Texas-based auto repair and maintenance establishment with deep roots and a strong reputation in servicing commercial oil field clients, attracted interest due to its quality offerings and swift service delivery. The purchaser, Main Street Auto, headquartered in Atlanta, Georgia, continues its strategy of backing community-rooted auto shops with over 70 locations across the nation. This acquisition, completed on November 18, 2024, underscores Main Street Auto's ongoing commitment to maintaining high-quality service standards and supporting local businesses. Generational Group's executive team, led by Michael Goss and supported by key directors, played a crucial role in the seamless completion of this transaction. Ryan Binkley, CEO, highlighted the importance of such impactful transactions facilitated by Generational Group.
Sectors
- Automotive Services
- Mergers and Acquisitions
Geography
- United States – Dennis Quick Auto Service & Sales, Inc. is based in Snyder, Texas, and Main Street Auto is headquartered in Atlanta, Georgia, both located in the United States.
Industry
- Automotive Services – This industry classification is relevant as both Dennis Quick Auto Service & Sales, Inc. and Main Street Auto operate within the automotive repair and maintenance sector.
- Mergers and Acquisitions – The transaction involving the sale of Dennis Quick Auto to Main Street Auto is centered around a merger and acquisition process, facilitated by Generational Group, highlighting the M&A industry.
Financials
- – The financial terms of the deal were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dennis Quick Auto Service & Sales, Inc. | Target Company | Company | A full-service auto repair shop located in Snyder, Texas, catering to commercial accounts in the oil field industry. |
| Main Street Auto | Bidding Company/Buyer | Company | An Atlanta-based company supporting local auto repair shops across the nation with over 70 locations. |
| Generational Group | M&A Advisor | Company | A leading mergers and acquisitions advisory firm that facilitated the sale process between Dennis Quick Auto and Main Street Auto. |
| Michael Goss | Executive Managing Director, M&A | Person | Led the closing of the deal for Generational Group. |
| Cory Strickland | Senior Managing Director, M&A | Person | Assisted in the closure of the deal as part of the Generational Group team. |
| Ryan Johnson | Managing Director, M&A | Person | Provided support in the transaction process. |
| Doug Morrow | Senior Managing Director | Person | Established the initial relationship with Dennis Quick Auto Service. |
| Mike Moore | Senior M&A Advisor | Person | Also played a role in establishing the relationship with Dennis Quick Auto Service. |
| Ryan Binkley | CEO of Generational Group | Person | Praised the facilitation of the transaction. |