Evan Sterling is an Associate, Investments with Surmount (formerly NNN Pro). Evan joined Surmount in 2023 and currently works with top dealership groups in North America, helping unlock hidden value related to fee-owned and leasehold real estate assets. In addition, Evan works with dealership groups in the context of M&A transactions, helping to facilitate growth and use real estate equity as a vital source of the capital stack.
Prior to working with Surmount, Evan worked at Ascension (formerly “James Capital Advisors”) where he specialized in investment sales and structuring sale-leaseback transactions. He graduated magna cum laude from the W.P. Carey School of Business at Arizona State University with a degree in Finance. Evan lives in Scottsdale, Arizona.
Alternative Sources of Capital for Franchise Dealerships: An Overview for Counsel
Franchise dealerships remain among the most capital-intensive businesses in the country. Rising interest rates, increased working capital requirements, facility upgrade mandates, and ongoing consolidation have made capital planning a central issue for dealer principals.
Unlocking Equity: An Ag Dealer’s Guide to Sale-Leasebacks
Agricultural equipment dealers are navigating an evolving market, with shifts in inventory levels, borrowing costs, and commodity prices influencing their operational strategies. Many dealers are looking for innovative ways to strengthen their financial position, while others are continuing to optimize operations or explore new growth opportunities.
Shifting Gears: How M&A and Capital Strategy Are Redefining Auto Retail
The new year has brought with it considerable optimism regarding the future of automotive retail and prevailing M&A activity. It has also brought with it inherent market challenges, including weakening automotive brands, upward movement in the 10-year treasury, and normalizing levels of net income.
The Sale-Leaseback Inflection Point in Automotive Retail
In a challenging market environment due to higher debt service and lower profits, car dealership owners need a liquidity solution – the sale-leaseback inflection point. Sale- leasebacks not only offer liquidity, but also agility. It’s a strategy that allows dealers flexibility for growth without feeling the pressures and limitations of capital constraints and debt covenants.
Driving Growth: Sale-Leasebacks as a Catalyst for Transformative Dealership Consolidation
As 2024 begins, mass consolidation in the dealership space continues to be a dominant trend, driven by the understanding that continuous growth is essential for long-term sustainability in the evolving dealer model.
NNN Pro, Leading Net Lease Investment Sales & Advisory Firm, Announces Continued Strategic Growth
NNN Pro, the leading net lease investment sales and advisory firm in the country, announced a number of strategic growth investments to capitalize on its continued momentum and increased market share in the net lease industry.
