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Announced

Completed

Baxter completed the acquisition of Audi Shawnee Mission from Holaman.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Single Bidder

Private

Friendly

United States

Domestic

Automobiles

Acquisition

Completed

Majority

automobile dealers

Synopsis

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Baxter Auto Group, a car dealer, completed the acquisition of Audi Shawnee Mission, an Audi dealership, from Holman, a global automotive services organization. Financial terms were not disclosed. “Holman is pleased to be passing Audi Shawnee Mission’s keys to another family-owned company, one whose values, like ours, start with commitment to their community and employees. With this transaction, we believe we are putting the Audi Shawnee Mission team in a better position for growth with Baxter who operates a number of premier dealerships in the region. We could not be more pleased with Kerrigan Advisors to have found an ideal buyer for Audi Shawnee Mission. Erin and her team kept our strategic objectives at the forefront during every stage of the sale process and shepherded this transaction to a successful outcome," Gene Welsh, Holman President.

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