Mountain West Motor

Overview

Size $38 Million
Senior Secured Credit Facilities
Client & Transactional Partners Mountain West Motor
Our Role Sole Lender
Treasury Services

Summary

In 2024, KeyBank provided a customized financing package to support Mountain West Auto Group’s existing operations as well as their acquisition of Ford and Stellantis (Chrysler, Dodge, Jeep, RAM) dealerships in Preston, Idaho. The relationship expanded in 2025 with financing for the acquisition of Elite Auto Sales in Idaho Falls, Idaho. KeyBank’s involvement includes floorplan financing, acquisition lending, and comprehensive cash management services. With flexible terms and a scalable structure, KeyBank is helping Mountain West Auto Group grow its footprint across the Rocky Mountain Region. 

When Mountain West Auto Group Owner and CEO Jake Casperson had the opportunity to acquire majority ownership in two franchise dealership operations, he turned to a trusted advisor: KeyBank. Backed by a longstanding relationship with the Casperson family, KeyBank delivered a tailored financing and banking solution designed to support both the acquisition and long-term operational goals of Mountain West Auto Group. This strategic relationship underscores KeyBank’s commitment to providing flexible, full-service financial solutions for expanding automotive businesses.

Founded in 2017 by Jake Casperson in Logan, Utah, Mountain West Auto Group has grown from a pre-owned auto business into a multi-location dealership group with five franchises and five pre-owned operations across Utah and Idaho. Jake serves as CEO and oversees daily operations.

Banking products and services are offered by KeyBank National Association. All credit products are subject to collateral and/or credit approval, terms, conditions, and availability and subject to change.

Recent Deals

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Follow-On Offering

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