Dealer Direct Advises on Sale of Baywest Auto Group to 401 Group
Dealer Direct Advisory successfully completed the sale of the Baywest Group of dealerships — comprising Baywest Toyota, Baywest Nissan, and Baywest Mitsubishi — to the 401 Group of Companies.
Transaction partyDealer Direct Advisory is pleased to announce the successful completion of the sale of the Baywest Auto Group — comprising Baywest Toyota, Baywest Nissan, and Baywest Mitsubishi — to the 401 Group of Companies, one of Canada's largest and most respected automotive retail organizations.
The transaction involved three rooftops in Owen Sound, Ontario, and required extensive coordination across multiple OEM approval processes, real property considerations, and a complex multi-party negotiation. Dealer Direct Advisory acted as exclusive sell-side advisor to Reg MacDonald, the former dealer principal of the Baywest Group.
"From start to finish, DDC provided exceptional professionalism and support along with recommendations and suggestions to overcome any issues or concerns and get this over the finish line successfully," said Reg MacDonald. "I would recommend the services of DDC to anyone looking to expand and grow their dealer network or looking to sell."
The 401 Group, which represents over 60 brands and 38 rooftops, was represented separately. Ted Lancaster, EVP of Business Development at 401 Group, noted: "Dealer Direct Canada and its team Paul, Tony and Charles, worked very closely with us to ensure the path to closing this deal went smoothly. The entire team at Dealer Direct Canada were accountable, responsive, and professional in their approach."
Dealer Direct Advisory acted as exclusive sell-side advisor. Financial terms of the transaction were not disclosed.
Confidentiality Notice: Financial terms of this transaction were not disclosed at the request of the parties involved. Dealer Direct Advisory maintains strict confidentiality protocols on all mandates.
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