Condor Automotive Group, LLC was formed in 2006 to acquire import, luxury and leading domestic automobile dealerships along the east coast.  Pennmark Auto Group, L.P., the initial platform acquisition, was purchased from the first close proceeds of Park Avenue Equity Partners II, L.P.  Pennmark consists of three Mercedes-Benz dealerships in the greater Philadelphia/Wilmington area and has produced nearly $1.0 billion in sales since 2003, selling a combined total of 14,500 new and used vehicles.  The three stores total 190,000 square feet and incorporate nearly 100 service bays and parking for over 1,000 vehicles.  Condor is currently evaluating additional acquisitions with the goal of controlling 40 dealerships by the end of 2011 and producing over $3.0B in revenues per year.