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 statutes provide a deadline by which the factory must respond to a submitted buy/sell, which can act as a backstop for...

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 closed transactions involved dealerships located in Alabama, Arizona, Arkansas, California, Florida, Georgia, Maryland,...

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 contract upon the occurrence of an unforeseen or extraordinary event. Force majeure clauses were invoked quite frequently...

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 one billion dollars. The closed transactions involved dealerships located in Alabama, California, Connecticut,...

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 retain talent without necessarily increasing pay-plans and draining cash reserves. Often times equity participation...