LMP Automotive Holdings to Terminate Seven Pending Auto Dealership Purchases
LMP Automotive Holdings Inc. plans to terminate seven pending purchases of many auto dealerships due to an inability to secure financial commitments.
LMP Automotive Holdings Inc. plans to terminate seven pending purchases of many auto dealerships due to an inability to secure financial commitments.
M&A in the F&I sector will continue into the foreseeable future because private equity firms have record levels of dry powder, add-on acquisitions will be utilized to bolster existing platform investments, and, most importantly, companies need to remain on the offense with the competition.
The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.
A flurry of mergers and acquisitions among F&I product providers and administrators has many executives wondering whether and when their company could be next.
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