Florida: (850) 878-6404
North Carolina: (919) 847-8632

Florida: (850) 878-6404
North Carolina: (919) 847-8632

News

Important News and Alerts

Transaction Activity Slowed by COVID-19

After several years of record high transaction activity, there has been a lull in the buy-sell market due to COVID-19. Bass Sox Mercer noticed a steep decline in transaction activity around the time state governments started instituting “stay at home” orders. Existing transactions were terminated and potential transactions were put on hold. The lack of activity, however, is not due to a lack of sellers. Fear of a long recession and tight capital markets have kept most buyers at bay.

Starting in early June, we saw an increase in buy-sell activity, and we expect a steady increase in the coming months. We do not, however, expect the market to return to pre-COVID territory anytime soon. Although the fear of a long recession and tight capital markets has passed, many buyers are wary of a “second wave.” And more importantly, buyers are not sure when consumer activity will get back to normal levels, especially in major metropolitan areas.

Despite the down market, Bass Sox Mercer has closed 19 transactions to date, involving motor vehicle, motorcycle, powersport, and heavy truck dealerships. The dealerships were located throughout Alabama, Connecticut, Florida, Georgia, Minnesota, North Carolina, North Dakota, South Carolina, and Washington. Bass Sox Mercer also has active deals in 5 of these states and in 7 other states.

If you need assistance with a buy-sell opportunity or a real estate transaction, please contact a member of Bass Sox Mercer transaction team.

BASS SOX MERCER

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.

This website is not intended to be advertising and Bass Sox Mercer does not wish to represent anyone desiring representation based upon viewing this website in any state or jurisdiction where this website fails to comply with all laws and ethical rules.

FLORIDA

  • Phone: (850) 878-6404

  • Fax: (850) 942-4869

  • 2822 Remington Green Circle Tallahassee, Florida 32308

NORTH CAROLINA

  • Phone: (919) 847-8632

  • Fax: (919) 847-8633

  • 4208 Six Forks Road, Suite 1000, Raleigh, NC 27609

Office Building

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