Teton Motors Dealership Acquired by Stone's Auto Group in Wyoming

Teton Motors Dealership Sells to Stone's Auto Group

In a notable transaction within the automotive industry, Performance Brokerage Services has recently announced the sale of Teton Motors Subaru and Chevrolet, located in Jackson, Wyoming. The dealerships, previously owned by David and Jim Auge, have been acquired by Mitch and Blake Loveland of Stone's Auto Group. This acquisition signifies Stone's Auto Group's first venture into Wyoming, enhancing their established presence in the automotive market since 1966.

Teton Motors Chevrolet has a history rooted in family ownership, having been established in the early 1970s by Earle Auge. In the 54 years that followed, it has built a strong reputation for exceptional customer service and commitment to community engagement. Expanding their brand, in 2016, the dealership introduced a Subaru franchise within its operations in Jackson, further solidifying its standing in the area.

Jonny Mecham and his brother John Mecham were the exclusive sell-side advisors for this significant transaction, operating under the auspices of Performance Brokerage Services, North America's leading brokerage firm for dealership buy-sell activities. With nearly 450 dealership sales in the past five years, the firm has established itself as an authority in the field.

According to Jonny Mecham, working with both the Auge family and the Lovelands was a fulfilling experience. He highlighted the importance both parties placed on the wellbeing of their staff during the transition. "They asked the right questions and were always concerned about taking care of their employees after the transaction was complete," he remarked. He also noted the collaborative spirit that characterized the negotiations, emphasizing the ease of working with people who genuinely cared about their community and their business.

Upon closing, David Auge expressed his gratitude toward Jonny Mecham for his guidance throughout the process. "We began looking for buyers before we even hired Performance Brokerage Services, but the value of having Jonny help us was immense. He was attentive, reliable, and committed to ensuring we found the right new owners for our dealership. The Lovelands are excellent fits for our community and have proven their dedication to ethical business practices. We wholeheartedly recommend Performance Brokerage Services to anyone in the industry,” David stated.

Under the new ownership, Teton Motors Chevrolet will be rebranded as Stone's Chevrolet, while Teton Motors Subaru will now be known as Stone's Subaru. However, both dealerships will continue to operate at their existing locations, maintaining the trust and loyalty they have built within their community.

Performance Brokerage Services continues to be a pivotal player in the automotive dealership brokerage landscape, providing clients with a unique approach to buying and selling dealerships. The firm prides itself on its ethical practices and remarkable closing rate, ensuring that it remains a trusted partner among automotive businesses across North America. Clients benefit from comprehensive services and a supportive network of industry experts, affirming Performance Brokerage Services' position as an essential resource in dealership acquisitions and sales.

This latest transaction surely paves the way for new opportunities in Jackson, and both Teton Motors' legacy and Stone's Auto Group's commitment to service promise to drive community-centered automotive sales forward in this region.