Market conditions were very attractive and the BMW brand was in high demand. It was the right time and the right buyer for us.
- Ed McGill, Dealer Principal of BMW of Ridgefield
Keeler Motor Car Company headquartered in Latham, NY has acquired BMW of Ridgefield, located at 746 Danbury Road, with Haig Partners, advising BMW of Ridgefield during the transaction.
Ed McGill, Dealer Principal, BMW of Ridgefield said, "As we were evaluating our strategic options with Nate [Klebacha, Partner with Haig Partners] it became clear that market conditions were very attractive and the BMW brand was in high demand. It was the right time and the right buyer for us.”
Keeler Motor Car Company owns six dealerships in NY and partnered with Open Road Capital, an investment firm backed by private equity firm Bain Capital, to acquire BMW Ridgefield.
“It was an honor to help Ed through this process and we wish Keeler much success running our local BMW dealership,” said Klebacha.
“I am extremely proud of the reputation we built at BMW of Ridgefield and congratulate the team at Keeler. We look forward to seeing the continued growth of BMW of Ridgefield, and additional opportunities for all our talented Associates," said McGill.
According to the release, BMW of Ridgefield is the 15th BMW dealership Haig Partners team has represented. Since 2019, Haig Partners has represented owners in the sale of 22 dealerships in New England.