HOUSTON, Dec. 2, 2019 /PRNewswire/ -- Following the recent
successful acquisition of Steve
Rayman, one of Atlanta's
leading Chevrolet dealerships, ZT Motors, a portfolio company of
Houston-based Private Equity firm,
ZT Corporate, is planning for the future. ZT Corporate plans to add
15-20 dealerships throughout the Southeast U.S. to the company's
current roster of five dealerships: BMW, Chevrolet, Mazda,
Mercedes-Benz and Toyota, which would quadruple the automotive
portfolio's footprint and position the company to be one of the
largest minority-owned dealerships in the country.
In 2015, ZT Motors, founded by Taseer
Badar, acquired the Fort Walton
Beach, Florida BMW, Mazda, Mercedes-Benz and Toyota dealerships. After
rapidly and successfully growing these dealerships, ZT Motors began
seeking opportunities to acquire additional dealerships under the
leadership of their seasoned automotive management team. ZT
Motors retains leadership talent with roots in the local community
when it acquires dealerships, and provides that talent with the
resources to grow the business.
"I have a passion for cars, and this portfolio combines my
passion with ZT Corporate's mission to create value for our
investors, staff and customers," said Taseer Badar, CEO & Chairman, ZT Corporate.
"We are experts and successful at what we do. Once we acquired the
Fort Walton Beach Toyota dealership, it became the number one
volume Toyota store in the Florida
panhandle. We want to replicate this model across the
Southeast."
Over the next three years, ZT Motors will seek opportunities to
invest in top-performing and cash-flowing dealerships, where
leadership can leverage its operating strength to expand the
business in the Southeast region. The portfolio is on pace to
double its EBITDA since its initial acquisition of the Fort Walton Beach dealerships and has a goal
to achieve $30 million EBITDA by
2023.
ZT Motors is eying several markets within the Southeast,
especially Houston. Home to ZT
Corporate's headquarters and most of its investors, Houston is an attractive market for ZT Motors
because of its rapidly expanding population and heavy reliance on
personal transportation. Additionally, ZT Motors has plans to add
high-volume manufacturers to the roster, including Ford and
Honda.
"The benefit to a customer of purchasing from a privately-owned
dealership such as ZT Motors is we treat customers like family,"
said Badar. "We know that buying a car is a major purchase for our
customers, and we provide a hands-on auto purchasing approach that
is based on decades of experience and our passion for the auto
industry."
"The Southeast is a prime market for ZT Motors to expand. The
population is growing and most people will rely on personal cars
for transportation for the foreseeable future. At the same time,
dealers are retiring, and the need for experienced management staff
and capital is growing. We receive calls from dealerships every day
looking to sell," said Keith Monnin,
President of ZT Motors. "The dealerships that are most attractive
to us have an incredible reputation in the community, clean
accounting records and a dedicated, passionate team."
For more information about ZT Corporate, visit
www.ztcorporate.com or follow on Facebook and Instagram at
@ZTCorporate.
About ZT Corporate
ZT Corporate was established in 1997 and has grown into a
full-service wealth management firm that provides specialized
financial solutions to its clients through traditional, alternative
and private equity investments. ZT Corporate provides investment
opportunities in lower middle-market companies, with a primary
focus on the healthcare industry. Success in the healthcare
portfolio provided ZT Corporate with the strength to diversify its
portfolio into new industries, including real estate, sports and
entertainment, franchise restaurants, and most recently, the retail
automotive industry.
About ZT Motors
ZT Motors was founded in 2015 and has become one of the
fastest-growing verticals within ZT Corporate's portfolio. ZT
Motors operates automotive dealerships in Florida and Georgia for BMW, Chevrolet, Mazda,
Mercedes-Benz, and Toyota. ZT Motors provides the management
expertise and capital to grow retail automobile dealerships in the
Southeast.
Media Contact:
Lisa Spence or Megan Dawe, Love Advertising
lisa.spence@loveadv.com
megan.dawe@loveadv.com
713-552-1055
Related Images
zt-motors-team.jpg
ZT Motors Team
Sheheryar Shah, CIO, ZT Corporate;
Taseer Badar, CEO, ZT Corporate;
Keith Monnin, President, ZT Motors;
Claire Thompson, CFO, ZT Motors
(seated)
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SOURCE ZT Corporate