Hill Ward Henderson's Corporate & Tax Group has the privilege of representing its automotive industry clients with their acquisition and divestiture transactions, including automobile dealerships' transfer of control, whether by asset sales, stock transactions, mergers or other combinations.

In the past five years, we have closed over 30 transactions involving the sale or purchase of approximately 35 franchised automobile and truck dealerships. The scope of engagement in these transactions included structuring the deal, negotiating and documenting the definitive agreements, and taking an active role in due diligence investigations.

In addition to our involvement in these acquisitions and divestitures, we are often engaged by our automotive industry clients to handle various other corporate and business matters including:

• Choice of business entity and the formation, organization, capitalization and governance issues implicated in a business operation's life cycle.
• Creation of joint venture structures pursuant to which clients partner, or otherwise affiliate, with individual operators to establish minority business enterprises for the operation of new franchise points.
• Negotiation of preferred lending arrangements, floor plan financing and material vendor agreements with respect to dealership operations.

For a detailed description of our Corporate & Tax practice, click here.

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