Industry Veteran Jim Press Joins The Presidio Group as Strategic Advisor

DENVER & ATLANTA--(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, appoints industry veteran Jim Press as strategic advisor.

Jim Press enjoyed an illustrious career of over 37 years with Toyota Motor Company, most notably as its President and Chief Operating Officer of Toyota Motor Sales, USA, Senior Managing Director and member of the Board of Directors. After leaving Toyota, Mr. Press held various leadership roles with Chrysler as Co-President and Cerberus Capital and Renault/Nissan as Senior Advisor. Mr. Press is currently an executive advisor to Hyundai Motor North America. He also is an active contributing on air expert with CNBC, Fox and Bloomberg and has held various other board level and advisory positions with numerous other institutions throughout his career. Mr. Press’s lifelong commitment and respect for dealers began when he was at the knee of his uncle, who was a pioneering mega-dealer.

“We are both honored and humbled to welcome automotive industry legend Jim Press to Presidio,” said Brodie Cobb, CEO and founder of The Presidio Group. “Jim’s extensive knowledge of both the wholesale and retail side of the industry, and his stellar reputation and relationships with OEM’s, dealers and service providers are second to none,” added Cobb.

“We could not be more thrilled to welcome Jim to our family,” added George Karolis, President of The Presidio Group. “We have no doubt that Jim’s vast knowledge, and strategic and trusted advice will provide a positive, lasting impact on our initiatives and client offerings,” added Karolis.

“This is an exciting time to be joining forces with the Presidio team,” said Jim Press. “Presidio’s track record, capability and level of integrity are the best in the business, and I am honored to be part of their family. I look forward to helping Presidio continue paving the way with record transactions and superior advisory services to its clients as the automotive industry evolves at the greatest pace ever in history.”

The Presidio Group LLC was founded in 1998 with the simple mission to relentlessly put the interests of our 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 over 200 transactions totaling more than $14 billion. It also publishes Presidio’s Where the Rubber Meets the Road, a leading source of information about the automotive retail landscape and the automotive retail M&A environment. The Presidio Group is based in Denver and Atlanta. 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.