MD Johnson, Inc. Acts as Exclusive Transaction Advisor to Lithia Motors, Inc. in Sale of Issaquah Chevrolet

2008-08-06 17:39:00

MD Johnson, Inc. Acts as Exclusive Transaction Advisor to Lithia Motors, Inc. in Sale of Issaquah Chevrolet

    ISSAQUAH, Wash., Aug. 6 /EMWNews/ -- MD Johnson, Inc. announces that

Lithia Motors, Inc., (LAD) has completed the sale of Issaquah Chevrolet to

David Broadus, Erik Paulson and Tom Paulson. The dealership has been

renamed Michael's Chevrolet of Issaquah.

    Mark Johnson, President of MD Johnson, Inc. stated, "We are excited to

be working with a public dealership group of Lithia's caliber." Johnson

also said, "We look forward to future opportunities where we will be

assisting Lithia plus our other public and private clients as they execute

their organizational strategies."

    The purchaser's of Issaquah Chevrolet have a long history in the

Seattle business community and are well known and highly regarded in the

automobile business. In 1974, Bruce Broadus became the Toyota dealer in the

Bellevue market and continues to be the dealer principal today. Brodus' son

David, as well as being the owner of Magic Toyota in Lynnwood Washington,

is also an owner in the new Chevrolet enterprise. Erik and Tom Paulson,

David's partners in the Chevrolet dealership will continue in their

day-to-day roles at the Toyota dealership as well as their new roles as

President and General Sales Manager, respectively, of the Chevrolet

dealership. David Broadus commented, "This acquisition allows our staff

ownership opportunities in our organization, which is the best reward we

can give those people that have been with us and made us successful."

    MD Johnson, Inc. has a successful history of assisting public companies

and private cap dealers in the disposition of under performing and non

performing dealership assets. In addition to the transactions MD Johnson,

Inc. is involved in with Lithia, the company represented Asbury Automotive

Group, Inc in the disposition of Nalley Chevrolet in Atlanta and is

currently working with other public companies in the disposition of under

performing assets. Johnson commented, "Our processes are unique and we have

a clear understanding of our clients goals and stop at nothing to execute

them. Our closing ratio on executed buy sells is 100%. We believe that our

mission of 'innovating client value' has been the reason we have found

ourselves fortunate enough to be involved in more than a billion dollars of

dealership transaction and valuation advisory work. I think it is safe to

say that we have built significant institutional knowledge concerning the

disposition of auto dealership assets and specifically troubled or non

performing assets. We feel fortunate to have the opportunity to work with

public dealership groups. They have given us the opportunity to become

better at what we do."

    Lithia sells 28 brands of new vehicles at more than 100 dealerships in

the US. For additional press releases on Lithia, go to Investor relations department contact (541) 618


    MD Johnson, Inc. is a mergers/acquisitions and financial advisory

services firm specializing in Advisory Services to automobile dealers,

dealership management companies and dealership lawyers and CPA's. In

addition to standard M and A services, the firm provides detailed

Valuation, Consolidation, Succession, Strategic Planning and Transaction

Management Services for its clients. The firm's clients include public and

private groups and individual owners located throughout the US. Previous

press releases are archived at http://www.MDJOHNSONINC.COM.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Mark Johnson" target="_new">

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