Business
Heritage Capital Group Advises Subaru of Jacksonville on Sale
Heritage Capital Group, Inc. (Heritage), an investment banking and financial advisory firm serving middle-market and emerging growth companies in the US and worldwide, is pleased to announce that its client, Subaru of Jacksonville (SOJAX), has successfully been acquired by Shottenkirk Automotive Group (Shottenkirk). The acquisition marks Shottenkirk's entry into the Subaru brand and the Jacksonville market, staking a presence in Florida while preserving the Porter family's long-standing legacy a
About this update from Subaru Corporation
[{"type":"text","content":"JACKSONVILLE Fla., Sept. 24, 2025 /PRNewswire/ -- Heritage Capital Group, Inc. (Heritage), an investment banking and financial advisory firm serving middle-market and emerging growth companies in the US and worldwide, is pleased to announce that its client, Subaru of Jacksonville (SOJAX), has successfully been acquired by Shottenkirk Automotive Group (Shottenkirk). The acquisition marks Shottenkirk's entry into the Subaru brand and the Jacksonville market, staking a presence in Florida while preserving the Porter family's long-standing legacy and team at SOJAX.","length":575,"tagName":"p"},{"type":"text","content":"SOJAX is a family-owned and operated dealership opened in August 2000 by Phil Porter Sr. Under Phil's 25 years of leadership, SOJAX has established itself as a respected and high-performing dealership built on a customer-first philosophy. The dealership offers a full range of new and pre-owned Subaru vehicles, as well as comprehensive service, maintenance, and parts support. SOJAX has earned multiple industry and community recognitions for service excellence and operational integrity, including being rated #1 in Safety for five consecutive years by the American Customer Satisfaction Index (ACSI), #1 in Customer Satisfaction for Dealership Service by J.D. Power, and #1 in Customer Loyalty by ACSI.","length":709,"tagName":"p"},{"type":"text","content":"Shottenkirk, founded more than 60 years ago in Illinois, began as a single dealership and has grown into a leading family-led automotive retailer. Building on the legacy of founder Bob Shottenkirk, the company expanded its operations under the leadership of Greg Shottenkirk, who continues to uphold a customer-first philosophy at the heart of the business. Today, Shottenkirk operates 29 locations across six states, offering a wide range of brands and services while maintaining its focus on quality, integrity, and community engagement.","length":539,"tagName":"p"},{"type":"text","content":"Heritage previously advised Phil Porter Sr. on the sale of Center Subaru to GMST, LLC in 2021.","length":94,"tagName":"p"},{"type":"text","content":""It was a pleasure working with Heritage for a second time. They made the process seamless and straightforward," said Phil Porter Sr. "Mac Holley and his team understand the unique value of our business and guided u...