Mark Packer, dealer principal of the Bel Air road and Whitemarsh dealership(s) commented that “ the sale of the Bel Air road dealership will give myself and my staff the opportunity to put 100% of our concentration on our new Ford dealership in Whitemarsh, Maryland”.
Following the acquisition, it is anticipated that the dealership will operate as Donahoo Ford. The Packer family established the dealership in the 1950’s. The transaction is anticipated to close in the third quarter of 2004, following the completion of Ford Motor Companies approval of the transaction.Īl Packer Ford on Bel Air road is an iconic retailer of Ford products in Maryland and a legacy dealer for Ford Motor Company. MD Johnson, Inc, served as the exclusive financial advisor to Mark Packer and the Packer Family, owner(s) and initiated, structured and negotiated the transaction on behalf of the Packers.
The closing of the transaction is subject to standard factory approvals. Donahoo is a Kia and Suzuki dealer at a nearby location. Serves as Exclusive Financial Advisor to Al Packerīaltimore, Maryland- June 1st Al Packer Ford/Bel Air Road has announced the signing of a definitive purchase agreement to sell its Ford franchise on Bel Air road, and associated real estate to Scott Donahoo of Foreign Motors, Inc. AL PACKER FORD/BALTIMORE TO BE ACQUIRED BY SCOTT DONAHOOMD Johnson, Inc.
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