Coleman Automotive Group Sells Mount Pleasant Chevrolet to Lani Automotive Group with Performance Brokerage Services

Mount Pleasant Chevrolet's Transition to New Ownership

Performance Brokerage Services, a renowned name in the dealership brokerage industry, recently announced the successful sale of Mount Pleasant Chevrolet GMC Chrysler Dodge Jeep Ram in Mount Pleasant, Iowa. This pivotal transaction transferred ownership from Coleman Automotive Group to Lani Automotive Group. With a history of significant dealership sales, Performance Brokerage Services has once again proven its expertise in facilitating such critical business transitions.

Background on Coleman Automotive Group

Founded by Kyle Coleman in 2024, Coleman Automotive Group has rapidly made its mark in the automotive retail landscape. Based in Spirit Lake, Iowa, this group boasts over 20 years of experience in the automotive sector. The group initially expanded its operations through the acquisition of three franchised dealerships in Spirit Lake and Estherville, Iowa. By 2025, with the assistance of Performance Brokerage Services, they acquired Mount Pleasant Chevrolet GMC Chrysler Dodge Jeep Ram, which further solidified their presence in the region. More recently, in 2026, Coleman Automotive Group also acquired McGrath Nissan in Elgin, Illinois, further broadening their automotive reach across several Midwestern states, including Iowa, Indiana, Illinois, and Ohio.

Kyle Coleman expressed his satisfaction with the sale of Mount Pleasant Chevrolet, stating, "Working with Performance Brokerage Services was a seamless experience. Matt Willis and his team truly understand the automotive business and were instrumental in navigating the complexities involved in finalizing this deal. As we look to the future, we are committed to pursuing larger dealership acquisitions, and we value our ongoing partnership with Matt and the Performance Brokerage Services team. Our relationship is built on trust, and I am excited about what lies ahead."

New Beginnings for Lani Automotive Group

Lani Automotive Group, now the proud owner of Mount Pleasant Chevrolet, marks their inaugural venture into franchised dealerships with this acquisition. As they take their first steps in the automotive market, the group is being led by Sam Saghbini and Sean Veilani. Both individuals articulated the significance of this deal, emphasizing the support they received throughout the acquisition process.

"Acquiring our first franchised dealership is a tremendous achievement for us," stated Saghbini. "Matt Willis and Performance Brokerage Services were invaluable to us. They tackled all the challenges that emerged, ensuring everything stayed on course. Despite them representing the seller, we always felt that Matt was equally invested in our success. His guidance was crucial in helping us handle a process that was completely new to us. We are excited to kick off this chapter with Lani Automotive Group, and we anticipate further growth in partnership with Performance Brokerage Services in the future."

Trust and Relationships in Dealership Transactions

The core philosophy of Performance Brokerage Services revolves around cultivating relationships and trust within the automotive industry. Over the past five years, they have been involved in the sale of nearly 450 dealerships, demonstrating their leadership in the market. The expertise of Paul Kechnie and Matt Willis, the Texas-Midwest partners at Performance Brokerage Services, made them the sole advisors for this transaction. Matt recognized the unique nature of this deal and shared his appreciation for the collaboration.

"This sale was particularly rewarding because I had the opportunity to help Sam and Sean achieve their dream of becoming franchise dealers. The journey to the finish line demanded patience and diligence from all parties, but witnessing their success made every challenge worthwhile," stated Willis.

Future of Mount Pleasant Chevrolet

As the handover is completed, Mount Pleasant Chevrolet GMC Chrysler Dodge Jeep Ram will retain its name and continue operations at its present location. The dealership's established reputation in the community remains intact, ensuring that customers can expect the same level of service they have always received.

With Performance Brokerage Services leading the way, this transaction not only represents a shift in property ownership but also illustrates the dynamic nature of the automotive industry. The partnerships forged during this process will undoubtedly shape the future of Coleman Automotive Group and Lani Automotive Group as they embark on their respective journeys in the automotive market.