Automotive veteran Marc Spizzirri has joined GlassRatner's Irvine office as a Sr. Managing Director, further strengthening the award-winning west coast team. Spizzirri assumed a leadership position within the auto dealership consulting and transaction practice, focusing on buy-side, sell-side transactions and restructuring in the retail and automotive sectors.
Yahoo Finance reported on the addition, including an interview from Principal of the firm Mike Issa who has been closely involved with auto dealership transactions. See below for an excerpt from the article:
LOS ANGELES, Nov. 20, 2018 (GLOBE NEWSWIRE) -- GlassRatner Advisory & Capital Group, LLC, a specialty financial advisory services firm and wholly-owned subsidiary of B. Riley Financial, Inc. (RILY), announced today that industry veteran Marc Spizzirri joined the firm’s West Coast advisory team, as Senior Managing Director. Spizzirri will assume a leadership position within the firm's highly regarded West Coast auto dealership consulting and transaction practice, focusing on buy-side, sell-side transactions and restructuring in the retail and automotive sectors.
“We’re seeing increasing interest from long-time dealers interested in monetizing their dealership assets in tax-efficient transactions,” said J. Michael Issa, California’s Managing Principal for GlassRatner. “Marc’s exceptional background in the automotive and retail space will complement our award-winning West Coast advisory team.”
The Irvine office of GlassRatner has been at the forefront of numerous high profile automotive dealership transactions, often featuring owners struggling with complex tax and financial issues requiring nuanced expertise. Most recently, in Orange County, Issa’s automotive team participated in the sale of South Coast Acura to Orange Coast Auto Group. Previously, they successfully negotiated the sale of assets of two Land Rover and Jaguar dealerships via auctions, resulting in goodwill consideration of approximately $9 million for the debtors, one of the highest prices ever paid for Jag Rover dealerships out of bankruptcy.
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