Talking Capital (Money, not Richmond) with Open Road
Listen now
Description
We talk with Tim Batchelor of Open Road Capital, a Northern Virginia firm that invests with partner Bain Capital Credit and works as an operational partner with dealers to help them grow, restructure, and build succession plans. Tim outlines the partnership model of Open Road, emphasizing their focus on collaborating with dealers and providing support throughout their careers. Open Road operates as an “evergreen” company, distinct from traditional private equity, and is a partner for the long haul. We delve into the considerations for dealers when contemplating such a partnership. Tim highlights the importance of understanding the people, philosophy, and culture of potential partners and emphasizes the role of entrepreneurs in the automotive industry. And stick around for the inspiring story of Rinaldi Halim, a dealer-principal who came to America from Indonesia, who has worked with Open Road to build his dealership network in California. More on Open Road Connect with Tim
More Episodes
We talk to the omnipresent Amberly Allen, along with Virginia dealer Phil Englander. Amberly is the founder and managing director of Dealer Merchant Services, which the enterprising entrepreneur developed after coming up with a compliant way to help dealers save on credit card processing fees...
Published 04/15/24
Published 04/15/24
We chat with Randy Barone, a VP with VADA Partner ACV Auctions. With decades in retail auto and specific expertise in used vehicle inventory for franchised dealers, Randy talks the "its" of inventory: Getting it, Turning it, and Making a Profit. As someone on the NADA circuit who also makes...
Published 03/25/24