Partnership Validates the Integrity, Future of Barrett-Jackson
SCOTTSDALE, Ariz., – October 9, 2007 – The Barrett-Jackson Auction Company LLC, today announced that Mark Dorman and Chad Heath of Endeavour Capital have joined the company’s Board of Directors. The additions are part of the Portland-based private equity firm’s significant minority investment in Barrett-Jackson. Endeavour joined the Barrett-Jackson team after months of intense research into the auction company’s business practices and plans for continued growth.
“Through meticulous examination of our history and success, the investment professionals at Endeavour have confirmed our position as the leader in the collector car industry,” said Craig Jackson, Barrett-Jackson Chairman/CEO. “They’ve also validated that we achieved this success with 100 percent transparency and dedication to our customers. During Endeavour’s market analysis, there were some large stones cast our way and allegations that were completely false. Nothing proves our integrity more than this endorsement from Endeavour and their willingness to join our company.”
Established in 1991, with offices in Portland, Seattle and Los Angeles, Endeavour specializes in private equity investments in entrepreneurial and family owned businesses. Endeavour continually partners with companies that possess a high level of business ethics and a commitment to customer service.
“The addition of two Endeavour team members to our Board of Directors increases our ability to make strategic decisions that will influence our short and long term growth,” added Steve Davis, president of Barrett-Jackson. “Furthermore, it reinforces the way we conduct business at Barrett-Jackson. Endeavour has built their sterling reputation on trust and hard work. These are the cornerstones of the Barrett-Jackson philosophy as well.”
Established in 1971 and headquartered in Scottsdale, Ariz., Barrett-Jackson specializes in providing products and services to classic and collector car owners, astute collectors and automotive enthusiasts around the world. The company produces the “World’s Greatest Collector Car Events™” in Scottsdale and Palm Beach, Fla. For more information about Barrett-Jackson, visit www.barrett-jackson.com or call (480) 421-6694.