#Canada #Burlington #Ford Lincoln #Richter Group #Scherle Group

Overview of the Acquisition

In a significant move in the automotive industry, Terrace Ford Lincoln has recently been acquired by the Richter and Scherle families. Now rebranded as Lakewest Ford Lincoln, this new dealership aims to retain the established reputation of Terrace Ford Lincoln while expanding its service offerings. The acquisition was facilitated by Performance Brokerage Services, known for its expertise in brokerage for dealership transactions.

The Journey to Acquisitions

Go Auto, the previous owner of Terrace Ford Lincoln, faced the challenge of finding a buyer who would not only maintain but enhance the dealership's long-standing operations. Recognizing the importance of choosing the right buyer, they collaborated with Performance Brokerage Services. This firm proved invaluable, utilizing its track record of facilitating countless dealership transactions. Jared Priestner, Principal of Go Auto, expressed his satisfaction with how smoothly the process unfolded, emphasizing the quick identification of a compatible buyer.

The New Partnership

Lakewest Ford Lincoln marks a strategic alliance between the Richter Group and the Scherle Group. The Richter Group boasts over 60 years of experience in the automotive sector, having owned Eastgate Ford, Hamilton's oldest Ford dealership. Meanwhile, the Scherle Group is known for its deep community roots, ensuring that the dealership will not only serve the automotive needs of Burlington but will engage actively with the community.

By integrating their strengths through this acquisition, the combined teams are poised to offer state-of-the-art facilities and an extensive vehicle selection to customers in Burlington. This strategic fit encourages a family-owned business model that has proven successful in similar automotive ventures.

A Foundation for Growth

It is this partnership that promises sustainable growth and community engagement. Rob Armstrong, Senior Partner at Performance Brokerage Services, highlighted the significance of aligning values and experiences in the acquisition process. He acknowledged that both the Richter and Scherle Groups are adept at fostering long-term relationships within their communities, providing a solid foundation for Lakewest Ford Lincoln's future endeavors. The combination of operational expertise from both families enhances the dealership's long-term growth strategy.

Community Connection and Vision

David Scherle of The Scherle Group voiced gratitude towards Performance Brokerage Services for their support throughout the negotiation process. His acknowledgment of their professionalism and commitment to making the transaction successful fogged any shadows cast by common dealership changes. Moreover, with dedicated local market knowledge that the firm brings, the transition from Terrace Ford Lincoln to Lakewest Ford Lincoln promises to be seamless.

Both parties involved not only anticipate an upward trajectory for Lakewest Ford Lincoln but also express serious commitment to community interaction and enhancement. Their vision is not just about selling cars but to nurture the community by creating and maintaining relationships rooted in trust.

The Role of Brokerage Services

Performance Brokerage Services has long existed as a transactional bridge in the automotive dealership industry, specializing in buy-sell activities. With a stellar reputation encompassing over 900 dealerships sold, they aim to secure the best interests of both sellers and buyers. The firm's no upfront costs structure with success-fee-only policy significantly aligns with client objectives, showcasing their commitment to delivering optimal results.

Conclusion

As Lakewest Ford Lincoln steps into this new chapter, both the Richter and Scherle families are excited to uphold the name and legacy of Terrace Ford Lincoln. Through strategic community engagement and operational excellence, they aim to build on the foundation laid by previous ownership. This acquisition not only stands as a testament to the professionalism of Performance Brokerage Services but also highlights the movement towards a more connected and community-oriented dealership culture.