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The Presidio Group Hires George Karolis as President, Opens Atlanta Office

The Presidio Group, a leading merchant bank and investment banking advisor in the automotive retail sector, has hired George Karolis as President. Karolis co-heads the firm’s M&A and corporate finance activities alongside Founder and CEO Brodie Cobb and manages Presidio’s new Atlanta office.

Prior to joining Presidio, Karolis spent over 18 years as an executive at Asbury Automotive Group (NYSE: ABG), helping to build it into one of the largest automotive retailers in the United States. Karolis most recently served on Asbury’s executive team as Senior Vice President of Corporate Development & Real Estate. He managed hundreds of M&A transactions, real estate transactions and strategic sourcing initiatives during his tenure at Asbury.

“George brings an unparalleled expertise in the industry,” said Cobb. “Over the years, we’ve worked with him closely on numerous transactions, and we’re honored to have him as a part of our team.”

Presidio’s Atlanta office will enable the San Francisco-based firm to better serve its dealer clients nationwide. “Having George open up our East Coast location is timely,” said Cobb. “We’re seeing historically unmatched activity in the market and having a national presence with sophisticated experience will best serve our clients.”

“I am thrilled to join the firm,” said Karolis. “This is an unprecedented time in the automotive industry and Presidio is, in my opinion, the most reputable, established investment bank in the retail automotive space. Presidio is on the cutting edge of the evolution continuing to take place in the industry, and I look forward to working alongside Brodie and the team.”

About The Presidio Group

Presidio is an independent merchant banking firm focused on investment banking and principal investing. The firm was founded in 1997 with the simple mission to relentlessly put the interests of clients first. By steadfastly adhering to this philosophy, the firm has earned the trust of clients throughout the United States. To date, Presidio has closed 89 automotive transactions, including 59 dealership transactions, totaling over $5.1 billion in value. Presidio remains a leader in the automotive retail sector, and focuses on dealership transactions over $50 million in value. It also publishes Where the Rubber Meets the Road, a leading report on automotive retail corporate finance and M&A activity and the capital markets. The Presidio Group is headquartered in San Francisco. 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.

Contacts:

The Presidio Group LLC
Brodie Cobb, 415-449-2525
bcobb@thepresidiogroup.com
or
George Karolis, 415-449-2500
gkarolis@thepresidiogroup.com

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