Open Road, Bain start acquisitions in Mississippi: Partners want investments to remain independent

摘要

Open Road Capital and Bain Capital Credit have purchased a majority stake in a four-roof-top auto mall from Herrin-Gear Automotive Group in Jackson, Miss., marking the first deal in a new partnership. Open Road, an auto-retail investment company in Tysons Corner, Va., is led by partners Eric Chelline and Tim Batchelor. Bain Capital Credit, with nearly $40 billion in managed assets, is part of the Boston investment firm Bain Capital.