#United States #Performance Brokerage #Anna #Coad Chevrolet #JP Sides Automotive

Coad Chevrolet and Coad Ford Sale Overview

In a significant development within the automotive retail sector, Performance Brokerage Services has announced the successful sale of Coad Chevrolet and Coad Ford, located in Anna, Illinois, to the JP Sides Automotive Group. This transition marks a noteworthy change for the dealerships, which have a long-standing presence in the community, being family-operated for nearly half a century.

Background of Coad Chevrolet and Coad Ford

The Coad family, comprising Tim Coad, Mike Coad, and Rick Kennard, has served the Anna community for nearly 50 years. They have built a reputable legacy focused on customer service and engagement, becoming trusted names in local automotive service. Their dedication to their customers has helped establish a strong foundation, which the new owners aim to build upon.

JP Sides Automotive Group's Plans

The leadership of JP Sides Automotive Group, including prominent figures like JP Sides, Allen Rhodes, and Josh Overbey, brings extensive industry experience to the table. Their vision for Coad Chevrolet and Coad Ford is to enhance their presence, especially in Southern Illinois, while ensuring a smooth transition for both employees and customers. They are committed to maintaining the high level of service that the Coad family established over the years.

The new ownership plans to rename the dealerships - Coad Chevrolet will become JP Sides Chevrolet and Coad Ford will transition to JP Sides Ford. Both dealerships will continue operations at their existing locations, allowing for a seamless continuation of service.

Performance Brokerage Services' Role

Performance Brokerage Services is renowned as North America's leading dealership brokerage firm, known for its expertise in dealership buy-sell activities. Over the past five years, the firm has successfully facilitated the sale of nearly 400 dealerships, cementing its position as a top player in the market.

According to Paul Kechnie, the Senior Partner for the Texas Midwest Office at Performance Brokerage Services, the firm's role in this transaction was as the exclusive sell-side advisor. He emphasized their commitment to transparency and ethical conduct throughout the process, collaborating closely with all parties involved.

Conclusion

The sale of Coad Chevrolet and Coad Ford is not just a business transaction but a significant transition for a family legacy in the automotive sector. The new management under JP Sides Automotive Group is poised to uphold the values instilled by the Coad family while propelling the dealerships into a new era of success. As they continue their operations in Anna, the local community can expect the same commitment to service that has characterized these dealerships for decades.

For more information on dealership brokerage and services, visit Performance Brokerage Services.