 Jack Walsworth | 10/26/2022 | @ Auto News
Firm invests $70M into dealership group led by Jonathan Sobel
Sobel said a majority of the money will spur acquisition growth, but some will be used to improve dealership facilities and the overall customer experience.
Franchise Equity Partners, a private investment firm connected to longtime automaker executive Mark LaNeve that launched in November 2021, has made its first foray into car dealerships via a multimillion-dollar deal with a growing dealership group in the Northeast.