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MSD Capital, L.P. and Jeff Rachor Partner in New Automotive Retail Venture
"Over the course of his 27-year career, Mr. Rachor said, "I am very excited to be getting back into the auto retailing industry, and I could not have chosen a better partner than MSD Capital. This well-capitalized, family investment firm is able to take a long-term view of its investments -- unlike many publicly-traded companies or private equity funds, which are often forced to have a shorter-term orientation. I believe that our new venture has a rare opportunity to leverage our mutual experience and develop the industry's leading business model that captures all the benefits of scale without sacrificing the entrepreneurial spirit that has always been the foundation of success in auto retailing. Together, we will build MSD Automotive Partners at a measured pace, to ensure that we're fully aligned with our auto manufacturer partners and other key constituents." Additional Biographical Information on About MSD Capital, L.P. MSD Capital exclusively manages the capital of
Contacts:
Media MSD Automotive Partners
Todd Fogarty Jeffrey Rachor
Kekst and Company Jeff@msdauto.com
212-521-4854 423-240-1672
todd-fogarty@kekst.com
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