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Partner Engineering and Science, Inc.
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You are here: Home » Resources » Articles » Dealership Buy-Sell Frenzy Creates Year-End Hurdle

November 19, 2021

Dealership Buy-Sell Frenzy Creates Year-End Hurdle

By Partner ESI

DEALERSHIP BUY-SELL FRENZY CREATES YEAR-END HURDLE

Brokers, lawyers, and accountants say they are seeing delays in getting automaker approvals for some transactions or getting necessary tasks completed in time to close deals before the December holidays.

With the volume of dealership buy-sell deals on track to reach record heights in 2021, the usual year-end rush to complete transactions is hitting some snags.

J. Duncan Douglas, a principal for Partner Engineering and Science Inc., of Torrance, Calif., estimates his firm’s automotive services revenue — which includes work such as dealership environmental site assessments and building inspections — has nearly tripled this year compared with 2020, itself a record year.

Douglas said his firm in some cases in the past five months has requested an extra week to complete work for dealership clients if it fits timelines for deal closings.

“Through our staff increases and a lot of hustle by our dedicated automotive services team in completing due diligence work, we have been able to keep deals on track,” Douglas wrote in an email.

Read the full article here on AutomotiveNews.com.

About the Authors

Partner ESI

Partner ESI

Partner Engineering & Science, Inc. is a full-service engineering, environmental, and energy consulting and design firm with over 1,000 professionals with experts based in locations throughout in the United States, Canada, Caribbean & Latin America (CALA), and Europe. As industry leaders in due diligence assessments, they bring over 100 years of collective experience to complex engineering challenges and risk management in commercial real estate and development. Founded on technical excellence and client service, Partner's team includes licensed Professional Engineers, Environmental Professionals, Geologists, Architects, LEED Accredited Professionals, and other credentialed specialists who provide comprehensive solutions across the real estate lifecycle. Their deep expertise spans environmental site assessments, property condition assessments, seismic risk analysis, construction risk management, industrial hygiene, energy efficiency consulting, regulatory compliance, and more.

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