In a deal that company executives expect to drive future expansion across southeast Louisiana, Superior Ford of Zachary announced today it has reached a private equity partnership agreement with Baton Rouge insurance executive Scott McKnight.
Financial terms of the equity partnership were not disclosed, but both Superior Ford President and CEO Patrick Campbell and McKnight call the investment “significant” for the future of auto dealer.
Superior Ford was established in 1986 with Campbell joining as a partner in 2010. Two years later, Campbell became sole owner, and in his first year of ownership the dealership saw sales increase by 70%.
McKnight, whose family founded Wright & Percy Insurance in 1882, is vice president and director of Business Development for BancorpSouth Insurance Services Inc.