Successful Sale of Multiple Dick Smith Dealerships in South Carolina Marks Strategic Transition

A Strategic Transition in the Automotive Industry

In a significant development within the automotive sector, Performance Brokerage Services, renowned as North America’s premier dealership brokerage firm, has announced the successful sale of four dealerships previously operated by Dick Smith Automotive Group. This move marks a pivotal transition for the dealerships and sets the stage for future growth under the new ownership of Holler-Classic Automotive.

Background of Dick Smith Automotive Group

Founded in 1961 by Richard “Dick” Smith Jr., the Dick Smith Automotive Group expanded from a humble single dealership into a prominent multi-rooftop family business in South Carolina. Under the leadership of Dick’s son, Brian Smith, who serves as the president, the group has been recognized for its commitment to customer satisfaction. Notably, the dealerships have garnered numerous awards, including recognition from Edmunds as a Five Star Premier Dealer and the Cars.com Dealer of the Year awards.

The Sale Process

The recent transaction involved the sale of three Dick Smith Nissan dealerships located in St. Andrews, Lexington, and Columbia, alongside the Dick Smith INFINITI dealership in Columbia. The decision to sell stemmed from the need to ensure a smooth transition that would prioritize confidentiality and employee welfare while finding a buyer who would respect the legacy established by the Smith family.

Brian Smith expressed his confidence in Performance Brokerage Services, stating, “When we decided it was time to sell, we wanted the process handled the right way... that’s exactly what we got.” The firm not only ensured a professional operation but also maintained a pace that allowed the Smith family to feel supported throughout the entire process.

Performance Brokerage Services has a reputation for facilitating complex transactions, with over 450 dealerships sold in recent years alone. Their expertise and extensive network have been invaluable in connecting sellers with reputable buyers in the industry.

New Ownership: Holler-Classic Automotive

Holler-Classic Automotive, a family-owned establishment since 1938, has a rich history in the automotive industry. Founded by William E. “Bill” Holler, who had a distinguished career with General Motors prior to establishing his dealership, the company has continued to thrive across generations. The acquisition of the Dick Smith dealerships allows Holler-Classic to expand its portfolio, adding its first South Carolina locations to a roster that includes over 17 dealerships across the region.

The newly acquired dealerships will be rebranded as Holler Nissan of Columbia, Holler INFINITI of Columbia, Holler Nissan of St. Andrews, and Holler Nissan of Lexington. This aligns with Holler-Classic’s mission to maintain a robust presence in the automotive market while offering the same quality service that customers have come to expect.

Looking Ahead

The successful sale of the Dick Smith dealerships signals a new chapter for both the Smith family and Holler-Classic Automotive. Brian Smith extends his best wishes to the Holler-Classic team, emphasizing the importance of maintaining the values and customer focus that have been integral to the Dick Smith legacy.

Experts like George C. Chaconas, a partner at Performance Brokerage Services, acknowledge the hard work and dedication exhibited throughout the transaction. The collaboration between the Smith family and Performance Brokerage Services was marked by professionalism and a commitment to achieving outstanding outcomes.

As Holler-Classic Automotive begins this exciting new chapter, the community anticipates a continuation of the excellent service established by Dick Smith Automotive Group, ensuring that car buyers in South Carolina continue receiving the highest level of care and respect.

In conclusion, this transaction not only reflects a strategic shift in ownership but also underscores the strength of family-run businesses in the automotive industry, determined to carry forward their legacy while embracing new opportunities for growth and success.