Town And Country Chevrolet

West Palm Beach Florida- September 10th- Schooley Cadillac has announced the signing of a definitive purchase agreement to sell its Cadillac franchise and associated real estate to AutoNation, Inc ( AN ), for an
undisclosed sum. AutoNation is America’s largest automotive retailer. The deal is subject to standard factory approvals.
MD Johnson, Inc, served as the exclusive financial advisor to Schooley and initiated, structured and negotiated the transaction on behalf of Schooley. The transaction is anticipated to close in the fourth quarter of 2004, following the completion of GM’s Cadillac Division approval of the transaction. Schooley Cadillac is a premier luxury retailer of Cadillac products, exclusively, on the dealerships 10-acre site in the heart of West Palm Beach Florida. Following the acquisition, it is anticipated that the dealership will operate under AutoNation’s luxury portfolio Brand in South Florida.