The Dave Cantin Group (DCG) received a significant minority investment from Kaltroco, a private investment company.
DCG said it planned to use the strategic investment to continue expansion into adjacent industries, including the RV industry, and launch enhanced advisory offerings.
Dave Cantin, president and CEO of DCG, said the partnership with Kaltroco is truly transformational.
“While DCG is already one of the largest dealership-focused advisory companies in North America, we are confident that Kaltroco’s new capital, relationships and strategic counsel will further boost our growth trajectory,” Cantin said. “There is tremendous demand today for our services as public, private and institutional dealership owners look for guidance with succession planning and evaluation services, in addition to buy-side and sell-side advisory assignments. Our expansion will benefit DCG’s clients and employees alike and we are excited to pursue the next phase of our growth with the Kaltroco team at our side.”
Kaltroco was founded in 1994 as a vehicle to invest in private companies and is committed to supporting the long-term growth of high-quality middle-market businesses. Financial terms were not disclosed.
DCG annually advises on over $1 billion in gross transaction volume and has advised on hundreds of transactions since its founding in 2017.
Kenneth Hammond, Chief Investment Officer for Kaltroco, said, “We are exceptionally impressed by all that Dave and his team have accomplished in the six short years since DCG was founded. Kaltroco has a long history of supporting fast-growing service businesses with unique and disruptive service models, and it was clear from our earliest conversations with Dave and his team that DCG is a true innovator in its industry.”
DCG was founded in 2017. Cantin held various leadership roles within the automotive industry for more than two decades.
The company recently bolstered its senior leadership team by adding Brian Gordon as chief business and marketing officer, Stephen Jones as chief development officer, and promoting Brian Traugott and Tony Karabon to co-executive vice presidents.
