#United States #Performance Brokerage #hfi truck center #Allegiance Trucks #Mountainside

The Successful Acquisition of HFI Truck Center by Allegiance Trucks

Performance Brokerage Services, recognized as North America's leading dealership brokerage firm, has facilitated the recent sale of HFI Truck Center. Located in Mountainside, New Jersey, HFI has a rich history since its founding in 1930, originally focusing on milk truck distribution. In its later years, the dealership has established a strong reputation as an Isuzu commercial truck dealer, winning Isuzu's prestigious Circle of Excellence Award annually since the program's inception.

The announcement of this sale comes as a significant milestone not just for Performance Brokerage Services but also for the Webb family, who have devoted decades to building HFI Truck Center into a trusted brand. Kerry Webb, the President of HFI Truck Center, reflected on the journey of establishing their dealership and their eventual decision to sell. He recalls how his family first connected with Dan Argiro from Performance Brokerage Services during a different acquisition several years ago. That initial meeting laid the groundwork for a future partnership when Kerry and his family were ready to explore a sale.

Kerry emphasized the importance of the relationship they forged with Dan, stating, "Life happens; when we were ready, we turned to Dan to discuss what the sale process would involve for our family and employees." Through various economic challenges, including shifts in administration, the Performance Brokerage team remained steadfast, providing support, guidance, and expert advice throughout the intricate sale process.

Once the transaction discussions took flight, the hard work of Dan Argiro and his team started to pay off. They navigated the complexities of the automotive market, ensuring that the Webb family felt informed and prepared every step of the way. In his remarks following the sale, Dan acknowledged the long-standing relationship with Allegiance Trucks, emphasizing the strategic fit of this acquisition within their portfolio.

Allegiance Trucks, which operates as an authorized dealer for various major brands including International, Hino, Isuzu, and Ford, is known for its commitment to excellent customer service and robust operational capabilities. CEO Mike Bozzoli articulated the significance of the acquisition, noting that it not only strengthens their presence in New Jersey but also enhances their overall market strategy in the Greater New York City area, a pivotal location for the transportation sector.

As part of this transition, HFI Truck Center will be rebranded as Allegiance Trucks, continuing operations at its existing location on U.S. Highway 22. This change marks the beginning of a new era for the dealership, while also allowing the Webb family to enjoy their well-deserved retirement, bringing closure to a significant chapter of their lives.

The sale reflects a broader trend in the automotive industry where dealership consolidations become more frequent as larger dealers aim to expand their footprint amidst evolving market demands. Performance Brokerage Services has made its mark in this evolving landscape, with over 300 dealership transactions successfully completed in the last five years alone.

With a dedicated team of experts, the firm prides itself on its transparent approach to dealership transactions, offering free valuation estimates without upfront fees. As Performance Brokerage Services continues to lead the way in dealership brokerage, their recent success with HFI Truck Center underscores their reputation and expertise in handling significant sales in the vehicle industry.

As the Webb family steps into retirement, the community and customers of HFI Truck Center can look forward to a continued commitment to service and excellence from Allegiance Trucks, ensuring that the legacy of quality and trust established over decades will be maintained and enhanced in the years to come.