Audi and Volkswagen of Reading Acquisition

“Garnet Auto Group has utilized sale-leasebacks in the past. We believe there is a better use for the capital that is trapped in our real estate, specifically for use as growth capital as we look to expand our dealer footprint.

Legacy was straightforward and easy to work with. The transaction closed in a short period of time as it was originally scripted. Legacy executed as they said they would.

We would absolutely consider using LAC in the future as we continue to grow and explore new opportunities.”