Move Reponds to a Growing Demand for the Firm’s M&A Services
NEW YORK–(BUSINESS WIRE)–The Dave Cantin Group (DCG), one of the automotive industry’s largest
dealership merger and acquisition companies, has expanded its management
team to meet a growing demand for M&A services in key regions of the U.S.
The move nearly doubles DCG’s national team of regional and district
managers, according to Dave Cantin, the firm’s founder and CEO.
Mark Dwyer, previously managing director of DCG’s Midwest
regional office in Chicago has moved to DCG’s Madison Avenue
headquarters in New York, where he joins William “Woody” Woodward to
co-manage the Northeast region in one of the firm’s busiest offices. Scott
Worthing will succeed Dwyer as managing director of the Midwest
In addition, Chad Goodson has been appointed a managing director
for the Southeast region, where he will co-manage the regional office
with Dan Simonson. Based in the Miami-Fort Lauderdale area, the
Southeast is another of the firm’s fastest growing regions.
Fred Sherwood and Alex Covino also have joined the company
as district managers in the firm’s West region. Based in Irvine,
California, the region is led by Managing Director George Pero.
Worthing has more than 30 years of experience in automotive
dealership lending. He began his career with Mercedes-Benz Financial,
where he held a number of senior management positions in dealer
relationship management. He moved from captive finance to commercial
banking in 2008, joining M&T Bank in Philadelphia as administrative vice
president of Dealer Financial Services. M&T Bank later appointed him to
open an expansion market in Chicago through its SunTrust Bank group
working closely with dealers in the Midwest.
“DCG has quickly established a solid reputation as the go-to dealership
M&A firm in North America, and I’m excited to be part of the management
team at such a fast-growing company,” said Worthing.
Goodson comes to DCG from Cornerstone Executive Capital, where he
served as a managing director for more than 10 years. At Cornerstone he
counseled auto dealers on organizational development, performance
management, valuations, sales and service. He previously worked as a
client development manager at CARFAX, where he directed leadership and
development activities with the company’s top dealer groups and vendor
partners. Prior to CARFAX, he was in brand performance management for GP
Strategies Corporation where he represented General Motors in the
company’s Southeast region.
“DCG fills a much-needed service gap in a rapidly evolving market,”
Goodson noted. “I’m looking forward to joining this group of top-notch
merger-and-acquisition specialists – unquestionably leaders in their
Sherwood has worked in the automotive industry for 40 years,
including significant experience with Chrysler (now FCA) in its Dealer
Network Office on the West Coast. He spent the last three years managing
his own private consulting business and has been instrumental in
consummating numerous buy/sell agreements.
Covino joins DCG with experience in both financial and real
estate markets. Early in his career, he worked as an equity trader
responsible for the active management of short-term-oriented portfolios
under continuously changing market conditions. Covino later worked in
residential and commercial real estate, where he built a high-output
real estate investment company that helped bridge the gap between
conventional sellers and institutional investors.
“The rapid growth in demand for our services over the past year has
allowed us to expand our team of M&A professionals to include a group of
highly effective managing directors at five regional locations
throughout the U.S.,” noted CEO Dave Cantin. “This is the most
experienced team of M&A experts in the country – a team with
considerable expertise both on the retail and wholesale sides of the
DCG’s national team of M&A professionals now work from regional offices
in New York, California, Florida, Illinois and Texas.
About the Dave Cantin Group
Cantin Group (DCG) is a full-service M&A firm that manages the sale
and purchase of automotive dealerships throughout the United States. DCG
maintains extensive relationships with manufacturers, automotive
attorneys, accountants and lenders, as well investor groups, private
equity firms, investment funds and family-controlled or private
wealth-management advisory firms.
The group’s successful partnership approach to the buy-and-sell process
is coupled with a firm commitment to community service and charitable
giving. Dave Cantin personally has helped raise more than $150 million
in the fight against pediatric cancer, and DCG is committed to donating
a percentage of its revenue to the cause.
NOTE TO EDITORS: High-resolution photos and additional background
information are available on request. Further information about the Dave
Cantin Group also is available at www.davecantingroup.com.
DCG Company Contact:
Phone: +1. 646.275.2750