January 12, 2023
W.G. Nielsen & Co., a leading investment banking firm headquartered in Denver, CO, announced today that it acted as advisor to Moreland Auto Group in the sale of four of its dealerships: Brandon Dodge on Broadway, City Auto Plaza, Colorado Springs Dodge and Pikes Peak Acura (collectively, the “Dealerships”) to AutoNation, Inc.
“We are excited to have worked with AutoNation again, a first-class company,” stated Doug Moreland, President of Moreland Auto Group. Mr. Moreland further added, “This sale was a strategic opportunity for us to focus on our other dealerships. AutoNation’s focus on customer service and reliability, as well as giving back to the community, assures me that the Dealerships and our customers will be in good hands.”
Wayne Nielsen, who led the deal for W.G. Nielsen & Co., believes this is indicative of increasing opportunities within the retail automotive sector. “We have built strong relationships within automotive retailing, and this transaction is another example of the increasing merger and acquisition activity. We continue to see strong demand for automotive transactions.”
About Mooreland Group
Founded in 1980, Moreland dealerships have become a staple in Colorado's automotive world. Well known for his creative and colorful "Dealin' Doug" advertisements, Doug Moreland is an acknowledged leader in Colorado's automotive industry.
About AutoNation, Inc.
AutoNation, a provider of personalized transportation services, is driven by innovation and transformation. As one of America's most admired companies, AutoNation delivers a peerless Customer experience recognized by data-driven consumer insight leaders, Reputation and J.D. Power. Through its bold leadership and brand affinity, the AutoNation Brand is synonymous with "DRVPNK" and "What Drives You, Drives Us." AutoNation has a singular focus on personalized transportation services that are easy, transparent, and Customer-centric.
About W.G. Nielsen & Co.
W.G. Nielsen & Co. is a Denver-based investment banking firm that specializes in mergers and acquisitions (sell side and buy side advisory services) and structured and leveraged financing transactions. W.G. Nielsen & Co., an independently owned, FINRA investment banking firm, offers clients innovative financing solutions. W.G. Nielsen & Co. enables select mid-sized clients to achieve their goals through strategic alliances, industry experience, and proven methodologies. Since the firm's inception in 1996, W.G. Nielsen professionals have completed transactions valued in excess of $5 billion. For more information, please visit www.wgnielsen.com. For information on the above transaction, please contact Wayne Nielsen or Greg Karsh at (303) 830-1515