Wishbone Group of Companies acquired by Management Team
Deal AnnouncementA Canadian furniture manufacturing business was ready to sell to their management team. See how we supported them through the sales process.
Ramsay’s Auto Sales Limited acquired by McCarron Auto Group
A shared focus on employees, culture, and quality customer service
About the client
Ramsay’s Auto Sales Limited (Ramsay’s Honda) is a leading Sydney auto dealership providing exceptional customer service since the 1980s. A family business known for its complete inventory, after-sales services, and care for its customers, Ramsay’s Honda has become the first stop for anyone looking for a new or used vehicle. Ready for retirement, the owners decided the time was right to sell.
The owners knew they needed guidance on the process of selling a business and, as a client of Doane Grant Thornton, they requested support from our M&A team. They wanted to identify a buyer dedicated to maintaining the business’ legacy, including prioritizing exceptional customer service standards, as they believed the success of the dealership was rooted in treating customers like family. Another important factor was that Dave Ramsay, one of the owners, wanted to remain in the business longer to facilitate a smooth transition.
Our M&A team helped the owners to take Ramsay’s Honda to market, reached out to potential buyers, assisted with negotiations, and supported due diligence. By assisting the client with this complex process, they were able to focus on the
operations of the business.
Ramsay’s Honda found the right fit in McCarron Auto Group, another family-owned auto group operating in Southwest Nova Scotia. Upholding the same values regarding employees, culture, and quality customer service, McCarron Auto Group is also interested in expanding operations to Cape Breton. By joining McCarron Auto Group, customers across the province will now enjoy Ramsay’s Honda and McCarron‘s signature service.
Fast facts
Client
Ramsay’s Auto Sales Limited
Transaction type
Divestiture
Services provided
M&A
Sector
Auto dealership
Close date
October, 2024
The client experience
Selling your business is a tough, emotional process. Now that we are on the other side, I would never enter it again without professional support from strategic advisors. With the Doane Grant Thornton team working on any complexities that arose, we could focus on the operations of the business with the time and space to think about what the future could look like.
Anonymous
Ramsay’s Honda
Latest Deal announcements
Castle Cheese (West) Inc. partners with Headwater Equity Partners
Deal AnnouncementA Canadian cheese manufacturing business wanted to grow but needed help finding the right partner. See how our team supported them through the process.
Kitchener-Wilmot Hydro and Waterloo North Hydro merge to form Enova Power
Deal announcementMany Canadian energy providers are exploring merging their businesses to become stronger and offer customers more competitive services. Before undertaking a merger, there are major financial and societal impacts to consider.