David Spisak is the managing director for Haig Partners. He brings a wealth of knowledge and real-world experience in retail automotive and related technology solutions.
He is the co-founder of several software solutions in the market today and in each case was principally involved from concept, product development, securing capital, effectively marketing to prospective clients, revenue generation and ultimately being able to guide his start-ups to highly successful exits.
One of those products, ReverseRisk was grown from a handful of clients to a thousand and acquired by Reynolds and Reynolds, all in less than five years. David personally developed and created the massive revenue acceleration needed to make that happen with no sales team or marketing spend. He was directly involved in every aspect of the successful negotiations, due diligence and post-acquisition transition.
David also has 27 years in retail automotive management where he ran single point stores and large groups. He was the operator at Smythe European, a Mercedes-Benz dealership, that generated $23.7M in net profit in a single year, the record for the most profitable dealership anywhere in the US. This record may still stand. Smythe European also achieved an industry-low 3% employee turnover, #1 rank in fixed ops gross profit and top 10 in used cars and F&I. Later David joined AutoNation where he was responsible for managing a $2.3 billion, 35 store division with over 3,500 associates.
Over the last 10+ years, he has developed an unparalleled network of dealers, corporate executives, manufacturer contacts and technology leaders. This has allowed David to know what dealers are looking for from solutions and solution creators and the ability to consistently deliver it to them.