Parks Automotive Group Welcomes Franchise Equity Partners As Minority Joint Venture Partner.

"Our Parks family and team are thrilled to welcome Franchise Equity Partners as a minority shareholder. There is a strong alignment with our company's values and vision. It has been a pleasure getting to know Michael Esposito, Scott Romanoff, Don Reese, Mark LaNeve, and the entire talented FEP team," said Adam Parks, CEO and President of Parks Automotive Group.

James 'JT' Taylor at Truist Securities provided advisory services and Chris G. of Womble Bond Dickinson (US) LLP represented Parks Automotive Group in the transaction. Stephen J. Dietrich, Lacey Croy and Keith Sambur of Holland & Knight LLP represented Franchise Equity Partners in the transaction.

LINKS

• FEP Website: https://www.fep-us.com/
• Parks Automotive Group Website: https://www.parksautogroup.com/

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