AFS Automotive Group Advises Grupo Inlosa in Acquiring South Texas Toyota Dealership

ArentFox Schiff represented Grupo Inlosa, a Mexico-based automotive retail group expanding its US operations, in acquiring Toyota of Pharr in February. The store was purchased from Penske Automotive Group Inc., a publicly traded US automotive retailer. Grupo Inlosa anticipates that the new store will complement its nearby Buick GMC dealership.

ArentFox Schiff assisted Grupo Inlosa with its diligence review of the store’s operations and properties and negotiated modifications to the Toyota store’s lease to allow shared facility use with a nearby Hyundai dealership and to facilitate the landlord’s consent to the assignment of the lease. Once shared facilities use issues were addressed, the parties proceeded to close the transactions without delay.

Grupo Inlosa was advised by Partner Aaron Jacoby and Associates Gus Paras and Tiffany Yadegar on the transactions.

Smart In Your World
Your goals define our mission. Whether an immediate need or a long-term objective, ArentFox Schiff helps you reach your full potential. As industry insiders, we partner with you to develop practical business strategies and sophisticated legal solutions to achieve today’s targets and anticipate tomorrow’s problems. We get you across the finish line.

Contacts

Continue Reading