MD Johnson, Inc. Advises Michael O Brien On the Sale of BMW HONDA and VW Dealerships to Lithia Motors
SALEM, OR-- July 10, 2013: MD Johnson, Inc. announces the completion of the sale of BMW VW and Honda dealerships in Salem Oregon on behalf of Michael O Brien, owner of O Brien Auto Group, Inc (www.obrien.com). Lithia Motors of Medford Oregon (LAD) purchased the dealerships from O Brien and will rename the dealerships after the sale. The dealerships are the only BMW, HONDA and VW dealerships in Salem.
Mark Johnson, President of MD Johnson Inc previously represented Greg Rasmussen in the sale of his BMW, Mini and two Mercedes Dealerships in Portland, Wilsonville and Beaverton Oregon to Lithia. Lithia owns the Subaru dealership in Oregon City and recently opened a brand new state of the art Mercedes Benz and Mini dealership in Beaverton Oregon. O Brien is the largest retailer of Luxury vehicles in Western Washington and one the largest Lexus retailers in the US. Johnson commented that O Brien's sale of the Salem stores to Lithia was strategic as he completes his expansion into a new VW dealership in Kirkland and the newest Honda dealership in Washington, which is under construction in Marysville, WA. Mark Johnson and Mark Topping advised O Brien and executed the transaction for O Brien on behalf of MD Johnson Inc. James Aiken of Aiken Law Group represented O Brien in the transaction. O Brien commented that "our Washington dealership business growth has been explosive and concentrating our assets and management in our core market is our focus". Johnson commented that "Michael is looking to grow his holdings in Western Washington and we are actively pursuing opportunities for his group".
MD Johnson, Inc. is the premier US provider of automotive dealership buy sell financial advisory services. The firm advises dealers, both public and private on the purchase, sale, analysis, succession and valuation of automobile dealerships, dealership platforms as well as dealership real estate through their wholly owned real estate entity, MDJ Realty Inc. The firm represents clients nationwide supporting their buy sell activities and has advised on more than 2 and half billion dollars in transactions.