Weiss Toyota Of South County, a leading Toyota dealership in St. Louis, Missouri, has been acquired by Victory Automotive Group. The deal marks Victory’s first acquisition in Missouri and expands its portfolio to over 50 dealerships across eleven states. Haig Partners LLC, a prominent buy-sell advisory firm specializing in automotive dealerships, served as the exclusive sell-side advisor to Weiss Toyota of South County owners, John Weiss and John Capps.
Victory Automotive Group Expands Footprint with Weiss Toyota of South County Acquisition
Victory Automotive Group, ranked #19 on Automotive News Top 150 dealership group list for 2023, continues its strategic growth with the acquisition of Weiss Toyota of South County. This acquisition aligns with Victory’s focus on partnering with leading brands and experienced management teams. The dealership, established in 1985, has consistently held the title of highest volume Toyota dealership in St. Louis. Boasting approximately 35,000 square feet of building space on a six-acre lot, Weiss Toyota of South County is a significant addition to the Victory Automotive Group. Following the acquisition, the dealership will be rebranded as Victory Toyota St. Louis. Jeff Cappo, leader of Victory Automotive Group, expressed enthusiasm about the acquisition, stating the dealership’s strong performance and strategic fit within their expansion plans.
Haig Partners Facilitates Successful Sale for Weiss Toyota of South County
John Weiss, dealer principal of Weiss Toyota of South County, shared his satisfaction with the sale and Haig Partners’ role in the process. He highlighted the firm’s expertise and confidentiality throughout the transaction. Weiss expressed confidence in Victory Automotive Group’s ability to maintain the dealership’s excellent customer service under the continued leadership of long-time general manager, Casey Krebs.
Alan Haig, President of Haig Partners, emphasized the significance of the acquisition for both parties. He underscored the strength of the Toyota brand and its appeal to dealership buyers due to consistently high profits and a robust business model. Haig Partners has observed strong demand for Toyota dealerships, having advised on the sale of five since 2023 and anticipating the sale of four more by year-end. He attributed the resilience of Toyota’s blue sky values to the brand’s popular vehicles, particularly those with hybrid powertrains. John Davis, Managing Director at Haig Partners, further noted the attractive investment potential of Midwest dealerships due to favorable demographics and cost of living. This transaction represents Haig Partners’ 67th dealership sale in the Midwest, highlighting their extensive experience in the region. The acquisition of Weiss Toyota of South County by Victory Automotive Group represents a strategic move for both companies, promising continued success for the dealership under new ownership.
Weiss Toyota of South County: A Legacy of Success Transitions to New Ownership
The acquisition of Weiss Toyota of South County by Victory Automotive Group signifies a new chapter for the well-established dealership. The transaction reflects the enduring appeal of the Toyota brand and the robust market for automotive dealerships in the Midwest. With Haig Partners’ expert guidance, the sale ensures a seamless transition and sets the stage for continued success under Victory’s leadership.
