Schwartz Advisors (SA), a leading M&A advisory and strategic planning firm for the automotive industry, announced that it has acted as exclusive sell-side adviser to Burlington Foreign Car Parts (BFCP) in its successful sale that closed on June 3.
Owned and operated for more than 45 years by Tom and Jill Glaser, BFCP has grown as both an import car specialist and full line supplier serving Vermont, New Hampshire and New York with nine stores.
“After spending nearly our entire adult lives dedicated to our business, we knew it was time to find a group that would honor the longtime commitment of our customers, vendors and employees,” said Tom Glaser. “Schwartz Advisors put us together with the right partner and worked very closely with us to make sure the transaction met our needs.”
“The Glasers built up an outstanding business over many decades,” said Rick Schwartz, managing partner of SA. “Working with the family was a true privilege and we were thrilled to be able to guide them through this important process.”
In addition to Rick Schwartz, SA Managing Partner Keith Zar and Partner Rick Guirlinger assisted BFCP on the transaction.