Automotive Group Leader Aaron Jacoby Speaks with Automotive News Regarding How In SPACs, Dealers See Viable Option to Go Public
Automotive Group Leader Aaron Jacoby recently spoke with Automotive News about how going public via a SPAC could provide quick access to capital for a growing automotive group to buy more stores or pay down debt.
The article, which talked about how the flood of special-purpose acquisition companies on the market has some dealers exploring a new way to take their companies public, quoted Aaron as he talked about how he has two franchised clients interested in using a SPAC to roll up dealerships. He went on to say that “SPACs may be a vehicle for private equity firms to invest in auto retail by partnering with proven operators approved by manufacturers.”
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