Core Viewpoint - The Presidio Group has successfully advised AutoNation on the acquisition of Mercedes-Benz of Chicago and Fletcher Jones Audi, enhancing AutoNation's presence in the Chicago market [1][2][3]. Acquisition Details - The acquisition was finalized on September 15, expanding AutoNation's dealership count in the Chicago area to nine, including three Mercedes-Benz and two Audi stores [2][3]. - Fletcher Jones Automotive Group will now focus on its remaining 13 dealerships located in California and Nevada, primarily luxury-brand stores [3][4]. Strategic Implications - AutoNation's CEO, Mike Manley, expressed excitement about the acquisition, highlighting the importance of The Presidio Group's M&A expertise in facilitating the transaction [2][3]. - The transaction is seen as a strategic move for both companies, with AutoNation growing its footprint and Fletcher Jones concentrating on markets where it has more scale [5][6]. Company Backgrounds - AutoNation, Inc. is one of the largest automotive retailers in the U.S., offering a wide range of services including new and used vehicle sales, financing, and maintenance [8]. - Fletcher Jones Automotive Group has been a prominent luxury automotive retailer since 1946, known for its high-quality service and extensive offerings [9]. Advisory Role - The Presidio Group provided exclusive M&A advisory services through its subsidiary, Presidio Merchant Partners LLC, emphasizing the importance of relationships in executing successful transactions [7][6].