Stephane Ferri has joined the Presidio Group as principal.
For The Presidio Group, a merchant bank and investment banking adviser in the retail automotive sector, Ferri will focus on technology, M&A and principal investing activities and will be located in Presidio’s Atlanta office.
Ferri previously served as senior vice president for Flexdrive LLC, which recently sold to Lyft.
He also spent eight years with Cox Automotive, overseeing some of the largest sales divisions for AutoTrader and Kelley Blue Book.
Before his time at Cox Automotive, he was with Asbury Automotive Group for 12 years, serving as director of digital marketing.
“Stephane has been able to bridge the gap between retailer, vendor and OEM while utilizing leading-edge technology,” The Presidio Group wrote in a news release.
Presidio chief executive officer Brodie Cobb said Ferri’s digital and technology experience in the automotive industry “brings a unique skillset to the Presidio team.”
“I look forward to Stephane adding value to our traditional client engagements in automotive retail, while expanding our client base to include technology and other businesses that support automotive dealers,” Cobb said in a news release.
Ferri said it was an exciting time to participate in the automotive retail, digital technology and consumer mobility industries.
“It’s an honor to join the high-powered Presidio team that focuses on being a thought-leader and insightful adviser to its clients,” Ferri said.
Founded in 1998, The Presidio Group provides M&A advisory services through its wholly-owned investment bank, Presidio Merchant Partners LLC. The company says it has closed 90 auto retail transactions to date, worth more than $5.2 billion.
Source : AutoFinanceNews
