Posts Tagged ‘Black Oak Partners’
Investment Group Wants to Buy GM’s Saturn
One of the troubled assets that General Motors has to liquidate to make the Obama Administration happy is the Saturn brand. The sub-company is a consistent money-loser for GM, despite its popularity. A group made up of current Saturn dealers and an Oklahoma City private equity firm are offering to buy the brand.
The group is led by Black Oak Partners, but is not the only group to come forward with an offer, according to GM. The automaker refuses to disclose whether any of the offers are being considered right now, though it’s likely they’re negotiating for the sale, given the circumstances.
Read More: Investment Group Wants to Buy GM’s Saturn




