Performance Brokerage Services Facilitates Palmdale Kia Sale to Trust Auto Group in California

Performance Brokerage Services, a leading player in the auto dealership brokerage realm, has announced a major transaction involving Palmdale Kia. This dealership, nestled in the heart of California, was sold by the well-regarded Nouri/Shaver Automotive Group to Trust Auto Group, marking yet another successful deal in the bustling automotive market.

The Seller: Nouri/Shaver Automotive Group

Nouri/Shaver Automotive Group stands out in the competitive landscape of automotive dealerships, boasting a robust portfolio of 16 franchised locations spread across California and Oregon. The group is co-owned by Bob Nouri and Pete Shaver, who have cultivated a reputation within the industry for excellence. Under the leadership of CEO Armina Mgerian, the group achieved remarkable success, ranking 40th in Automotive News' Top 150 Dealership Groups for 2024, with revenue surpassing $2 billion and a workforce exceeding 2,000 employees. This accomplishment speaks volumes about their operational capabilities and market presence.

The warmth and gratitude expressed by Bob Nouri regarding the transaction highlights the professionalism and integrity exhibited by Jason Stopnitzky of Performance Brokerage Services. Nouri emphasized how Stopnitzky's commitment to honesty and transparency significantly eased the selling process, resulting in a seamless experience. This level of customer service is essential in the high-stakes world of dealership sales.

Performance Brokerage Services: An Industry Leader

For the past five years, Performance Brokerage Services has showcased its prowess by managing the sale of nearly 400 dealerships, solidifying its status as the highest volume dealership brokerage firm in North America. Co-founders Jason and Jesse Stopnitzky have earned accolades for their dedication to ethical conduct and their client-focused approach. They have become trusted advisors to numerous dealership owners, providing robust support throughout complex transactions.

Jason Stopnitzky expressed heartfelt appreciation for the collaboration with Nouri/Shaver Automotive Group, marking this sale as their fifth transaction together. The bond forged between the two parties exemplifies the trust established over years of mutual success. Nouri's team continues to set high standards for service and employee care, demonstrating the importance of nurturing strong relationships in business.

Welcome to Trust Auto Group

Acquiring Palmdale Kia will allow Trust Auto Group to enhance its footprint in California's auto market. With five existing locations throughout Costa Mesa, Lancaster, and Palmdale, the group represents esteemed brands such as Honda, Subaru, Kia, and Lotus. President Edgar Castellanos expressed enthusiasm about working with Performance Brokerage Services, noting the diligence and care that went into the acquisition process, ensuring it was a smooth transition.

As Palmdale Kia transitions to its new ownership, it will be rebranded as Trust Kia of Palmdale. The dealership will maintain its current address at 438 Auto Vista Drive, allowing for business continuity amidst this transformation.

The Future of Palmdale Kia

The recent sale symbolizes a vibrant future for Palmdale Kia under Trust Auto Group. Both parties demonstrated a collaborative spirit throughout the transaction, paving the way for continued excellence in customer service and operational effectiveness. Such partnerships highlight how the automotive industry's growth can be fueled by strategic acquisitions and a commitment to quality.

In summary, the sale of Palmdale Kia marks a significant milestone not just for the companies involved but also for the automotive sector at large. As Performance Brokerage Services continues to facilitate similar deals, it plays a crucial role in shaping the landscape of dealership operations across North America. With an unwavering dedication to client success and ethical business practices, the future looks bright for both Trust Auto Group and the newly acquired Palmdale Kia.