Nov 27, 2023
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.