The Presidio Group Exclusively Advised Fletcher Jones Automotive Group on the Sale of a Northern California Porsche Dealership to Sonic Automotive

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WALNUT CREEK, Calif.--(BUSINESS WIRE)-- The Presidio Group LLC ("Presidio"), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Fletcher Jones Automotive Group ("Fletcher Jones") on the sale of Porsche Walnut Creek in Walnut Creek, Calif., and its related real estate, to Sonic Automotive, Inc. ("Sonic") (NYSE: SAH). The transaction closed on August 25.

With the transaction, Fletcher Jones continues its strategic portfolio management moves and completes its exit from Northern California.

"In recent years, we’ve taken steps to hone our dealership portfolio to focus on the markets that best align with our long-term objectives and where we have longstanding operations and significant scale in luxury automotive retail," said Keith May, president of Fletcher Jones Automotive Group. "The sale of Porsche Walnut Creek is another step in that effort, and Sonic is well positioned to continue the dealership's success. Presidio’s guidance throughout the process was exceptional as usual; the firm’s unmatched understanding of the dealership buy-sell landscape and its proven execution capabilities once again surpassed our expectations.”

For Sonic, the acquisition strengthens its existing portfolio in the California market, which includes BMW, Honda, Jaguar, Land Rover, Lexus, Mercedes-Benz, MINI and Toyota dealerships. The company also operates EchoPark Automotive and Harley-Davidson dealerships in the state.

"It’s been a pleasure working with our Porsche partners, The Presidio Group and Fletcher Jones Automotive Group on our acquisition of Porsche Walnut Creek,” said David B. Smith, Chairman and Chief Executive Officer of Sonic Automotive. "We’re excited to expand our portfolio with this acquisition and look forward to delivering our world-class guest experience to guests of Porsche Walnut Creek.”

The sale underscores California’s position among the most competitive luxury dealership acquisition markets in the U.S. Presidio continues to actively represent dealers looking to both sell and buy in California, having already advised on transactions involving 45 dealerships in the state. In 2026 alone, Presidio has advised on five transactions involving 13 stores.

"Porsche Walnut Creek brought together many of the attributes buyers are pursuing today — a premier luxury franchise, a highly affluent market and meaningful long-term growth potential," said Alex Watterson, managing director at The Presidio Group. "We were proud to help Fletcher Jones identify a buyer that recognizes those strengths and can leverage an established presence in the market."

Opportunities to acquire established and successful Porsche dealerships in affluent, high-growth markets are relatively rare in the industry. With 204 U.S. locations at the beginning of 2026, Porsche has one of the smallest dealership networks in the country and relatively low dealer turnover. Presidio has now advised in transactions involving eight Porsche dealerships.

"We were honored to once again help Fletcher Jones’ leaders execute a transaction supporting the company’s broader strategic vision, and we thank them for continuing to place their trust in our team,” said George Karolis, president of The Presidio Group. “Even in today’s more disciplined acquisition environment, buyers continue to pursue opportunities that align with their long-term objectives, particularly when they involve established luxury dealerships with strong brands and market positions.”

Seller legal counsel was provided by Jeff Roberts and Emily Dillow of Underwood and Roberts. Buyer legal counsel was provided by Kevin B. Gottehrer of Parker Poe Adams & Bernstein LLP.

The Presidio Group provided exclusive M&A advisory services to Fletcher Jones Automotive Group through its wholly owned investment bank, Presidio Merchant Partners LLC.

About Fletcher Jones Automotive Group

Since 1946, Fletcher Jones Automotive Group has been a luxury automotive retail standard bearer in the U.S. Founded by Fletcher Jones Sr. with a single store in downtown Los Angeles, the group has grown over the past 80 years into one of the most respected and renowned luxury dealership groups in the country. Home to the nation's No. 1 Mercedes-Benz and Audi locations, Fletcher Jones has become synonymous with 5-star service, top-of-the-line quality and an unwavering commitment to customers. The group offers a comprehensive suite of services, including new- and used-vehicle sales, financing and leasing, parts and service and electric vehicle expertise. To learn more, visit www.fletcherjones.com.

About Sonic Automotive

For more than 60 years, Sonic Automotive has pursued a single purpose: to deliver an experience for our guests and our teammates that fulfills dreams, enriches lives and delivers happiness. We don't simply sell and service vehicles. We help people pursue their dreams, whether it's a guest purchasing their first vehicle, a family creating lifelong memories or a teammate building a meaningful career.

Founded in 1966 by Bruton Smith, the company has grown into a Fortune 300 company under the leadership of Chairman and CEO David B. Smith. Today, more than 11,000 teammates bring the company's purpose to life across a nationwide network of 173 automotive and powersports franchises in 145 locations in 90 cities and 21 states. We are proud to represent 24 automotive and 15 powersports brands and have helped more than 7 million guests purchase vehicles, delivered over 40 million service experiences and earned more than 1 million 5-star reviews by consistently putting people first.

At Sonic Automotive, we believe trust isn't claimed — it's earned through transparency, consistency, integrity and genuine care. That's why we were the only automotive and powersports retailer recognized by Newsweek as one of America's Most Trustworthy Companies in 2026. As the automotive and powersports industries continue to evolve, our mission remains constant: to innovate, lead with integrity and create exceptional experiences that inspire confidence, build lifelong relationships and positively impact every life we touch.

Sonic Automotive. Driven By People. Inspired By Purpose. For more information, visit www.sonicautomotive.com and ir.sonicautomotive.com.

About The Presidio Group LLC

The Presidio Group was founded in 1998 with the simple mission to relentlessly put the interests of its clients first. By steadfastly adhering to this philosophy, the firm has earned the trust of clients throughout the United States. During their careers, the professionals at Presidio have collectively closed 325 transactions for nearly $22.5 billion. The Presidio Group, based in Denver and Atlanta, publishes research, industry insights and data reports about the automotive retail landscape. Presidio Merchant Partners LLC is a subsidiary of The Presidio Group LLC and is a member of FINRA and SIPC. For more information on Presidio, visit www.thepresidiogroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260827392240/en/

George Karolis
(678) 831-5520
gkarolis@thepresidiogroup.com

Lauren Pfohl
(404) 434-1837
lpfohl@thepresidiogroup.com

Source: The Presidio Group LLC