Open Road Capital assembled a team of long-term auto professionals to form a new player in the dealership arena to investing equity capital in automotive retail. As partners with Bain Capital Credit, we seek to deploy approximately $1 billion into the sector. We will invest as little as $20 million into a transaction and there is no practical upper limit to the size of transaction we will support. We will purchase up to 100% of a group of stores in partnership with another dealer, but prefer to own no more than 70% of a partnership with our partners who oversee the stores. We will invest and hold a minority stake as well. Open Road has a long-term outlook and is structured as an "evergreen" entity, allowing us to stay with our partners indefinitely or structure an eventual sale back to our partners. Our approach has been embraced by most of the leading OEMs.
Our first objective is to pick great dealer-partners and to be the best possible partner to them in return. We appreciate the difficulty in running dealerships. There is some special pixie dust that goes into being a great dealer and we respect the skillset. We don’t pretend to have those abilities but we do know the industry and dealership operations. We believe that respect for our partners’ abilities coupled with our scale, national perspective, access to information, real estate expertise, and effectively unlimited capital available to support each partnership’s business objectives makes us good partners.
We partner with multiple dealers around the country, uncompetitive with one another. Each partnership is independently structured (not cross-collateralized or cross-owned with other partners). But these sister companies, managed by some of the best in the business, maintain relationships and help each other improve and grow, depending upon the objective of each partner. We are versatile, serving a range of scenarios such as assisting dealers who want to acquire more dealerships, helping dealers who want to take some cash out of their business, assisting in succession planning, and a myriad of derivatives of these themes.
Since acquiring its first dealership in 2017, Open Road has grown its partnership portfolio in 2023 to over 30 stores. We have no designs on achieving a particular size. Our growth will be determined by the number of great potential partners we meet and by their individual objectives.
Open Road Capital assembled a team of long-term auto professionals to form a new player in the dealership arena to investing equity capital in automotive retail. As partners with Bain Capital Credit, we seek to deploy approximately $1 billion into the sector. We will invest as little as $20 million into a transaction and there is no practical upper limit to the size of transaction we will support. We will purchase up to 100% of a group of stores in partnership with another dealer, but prefer to own no more than 70% of a partnership with our partners who oversee the stores. We will invest and hold a minority stake as well. Open Road has a long-term outlook and is structured as an "evergreen" entity, allowing us to stay with our partners indefinitely or structure an eventual sale back to our partners. Our approach has been embraced by most of the leading OEMs.
Our first objective is to pick great dealer-partners and to be the best possible partner to them in return. We appreciate the difficulty in running dealerships. There is some special pixie dust that goes into being a great dealer and we respect the skillset. We don’t pretend to have those abilities but we do know the industry and dealership operations. We believe that respect for our partners’ abilities coupled with our scale, national perspective, access to information, real estate expertise, and effectively unlimited capital available to support each partnership’s business objectives makes us good partners.
We partner with multiple dealers around the country, uncompetitive with one another. Each partnership is independently structured (not cross-collateralized or cross-owned with other partners). But these sister companies, managed by some of the best in the business, maintain relationships and help each other improve and grow, depending upon the objective of each partner. We are versatile, serving a range of scenarios such as assisting dealers who want to acquire more dealerships, helping dealers who want to take some cash out of their business, assisting in succession planning, and a myriad of derivatives of these themes.
Since acquiring its first dealership in 2017, Open Road has grown its partnership portfolio in 2023 to over 30 stores. We have no designs on achieving a particular size. Our growth will be determined by the number of great potential partners we meet and by their individual objectives.
Open Road Capital assembled a team of long-term auto professionals to form a new player in the dealership arena to investing equity capital in automotive retail. As partners with Bain Capital Credit, we seek to deploy approximately $1 billion into the sector. We will invest as little as $20 million into a transaction and there is no practical upper limit to the size of transaction we will support. We will purchase up to 100% of a group of stores in partnership with another dealer, but prefer to own no more than 70% of a partnership with our partners who oversee the stores. We will invest and hold a minority stake as well. Open Road has a long-term outlook and is structured as an "evergreen" entity, allowing us to stay with our partners indefinitely or structure an eventual sale back to our partners. Our approach has been embraced by most of the leading OEMs.
Our first objective is to pick great dealer-partners and to be the best possible partner to them in return. We appreciate the difficulty in running dealerships. There is some special pixie dust that goes into being a great dealer and we respect the skillset. We don’t pretend to have those abilities but we do know the industry and dealership operations. We believe that respect for our partners’ abilities coupled with our scale, national perspective, access to information, real estate expertise, and effectively unlimited capital available to support each partnership’s business objectives makes us good partners.
We partner with multiple dealers around the country, uncompetitive with one another. Each partnership is independently structured (not cross-collateralized or cross-owned with other partners). But these sister companies, managed by some of the best in the business, maintain relationships and help each other improve and grow, depending upon the objective of each partner. We are versatile, serving a range of scenarios such as assisting dealers who want to acquire more dealerships, helping dealers who want to take some cash out of their business, assisting in succession planning, and a myriad of derivatives of these themes.
Since acquiring its first dealership in 2017, Open Road has grown its partnership portfolio in 2023 to over 30 stores. We have no designs on achieving a particular size. Our growth will be determined by the number of great potential partners we meet and by their individual objectives.
