Articles from The Presidio Group

Orbee, Inc., a leading provider of data management and middleware software to the automotive industry, announced it welcomed additional capital investments of an undisclosed amount to expand its sales and customer support efforts and to accelerate its ongoing product development.

STELLA™ Automotive AI, Inc. (“STELLA”), a provider of automotive artificial intelligence technology, announced a new round of convertible loan financing, which raised $11 million to drive market growth, continue to build its team and support ongoing product enhancement and development.

The Presidio Group (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, advised AutoComplete, Inc. on a financing round to further its expansion and development of an artificial intelligence-based technology platform for auto insurance.

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 the Brown family on the sale of Bill Brown Ford of Livonia, Mich., to Penske Automotive Group, Inc.

Profitability for the average U.S. auto dealership remains well above pre-2020 levels, but the profit erosion from pandemic highs is accelerating to start the year, according to the findings of The Presidio Group LLC’s latest quarterly publication focused exclusively on automotive retail performance, technology and M&A trends.

STELLA™ Automotive AI, Inc. (“STELLA”), a provider of automotive artificial intelligence technology, announced the closing of its oversubscribed Series A financing round, which raised $19.7 million to drive market growth and support ongoing product enhancement and development.

Financial performance of the average U.S. auto dealership is declining and certain store values are under pressure as normalization from the industry’s pandemic-era highs continues, according to the findings of The Presidio Group’s latest quarterly publication focused exclusively on automotive retail performance, technology and M&A trends.

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, announced the launch of its inaugural quarterly publication focused exclusively on automotive retail performance, technology and M&A trends.

Orbee, Inc., a leading technology service provider for the automotive industry, announced the closing of its oversubscribed Series A financing round, which raised $4.0 million to drive growth of the company’s innovative platform for the auto retailing ecosystem including dealership groups and their technology and service providers.

STELLA Automotive AI, Inc. (“STELLA”), provider of high-end conversational AI technology, today announced that it closed its seed round of financing, securing convertible promissory notes from strategic investors including Maroone USA, the Pohanka Automotive Group, Czubay Family Enterprises and The Presidio Group LLC (“Presidio”).