Considerations for Seller Financing in an Ever-Changing Market
By: Clayton Lee Lovett Recent market trends have led to an increasing number of transactions involving seller financing in some aspect of the overall deal structure. Understandably
Statutory Deadlines to Approve a Sale or Exercise Right of First Refusal
By Jason T. Allen As any buyer or seller knows, factory approval of a transaction is necessary to close a deal and can also dictate the timing of the closing. Most state stat
2023 Transactions at Bass Sox Mercer
By: Logan Parker Bass Sox Mercer closed 63 transactions in 2023. Those transactions took place in 19 different states, covered 46 linemakes, and involved 73 rooftops. The clo
The Importance of Force Majeure Clauses
By Logan S. Parker Force majeure is a clause common in commercial contracts. The clause allows a party to terminate a contract or delay performance of a particular term in a contra
2022 Transactions at Bass Sox Mercer
By Logan S. Parker Bass Sox Mercer closed 63 transactions in 2022. Those transactions took place in 23 different states, covered 38 linemakes, and had an aggregate value of roughly
Considerations for Equity Based Compensation to Management
By: C. Lee Lovett In today’s market environment that sees high inflationary pressure paired with a competitive labor market, dealers have been evaluating the ways to attract and
Transactions Update
By: Logan Parker Bass Sox Mercer closed 70 transactions in 2021, a new record high for the firm. Our previous record high was 56 closings in 2018. The closings took place in Ala
Handling PPP Loans in an Automotive Buy-Sell Transaction
By Gregory May Many dealers were hit hard at the onset of the Covid-19 pandemic, and subsequently availed themselves of the benefits afforded by the federal Paycheck Protecti
Due Diligence Standard in Today’s Automotive Buy-Sell Market
Back in April and May of this year, the economy came to a grinding halt as many cities ordered businesses to close. Things looked pretty dismal, both for our dealer clients and Bas
Transaction Activity Slowed by COVID-19
After several years of record high transaction activity, there has been a lull in the buy-sell market due to COVID-19. Bass Sox Mercer noticed a steep decline in transaction activi