Sarchione Auto Group Transitions Ownership to Ken Ganley Automotive Group in Ohio's Growing Dealership Landscape

Sarchione Auto Group's Sale to Ken Ganley Automotive Group: A New Era



Performance Brokerage Services, which holds the title of North America's leading dealership brokerage firm, has successfully facilitated the sale of Sarchione Auto Group, which operates six dealerships in Ohio, to Ken Ganley Automotive Group. The transition, comprising the Sarchione Chrysler Dodge Jeep Ram in Dalton and other locations, marks a significant milestone in Ohio's automotive market.

Founded in 1917 by the Sarchione family, the Sarchione Auto Group has deep roots and a substantial presence within the community. Over the decades, it evolved from a modest car dealership in Alliance, Ohio, into a multifaceted operation that now encompasses five new-car franchises and one pre-owned dealership. Currently, it represents several well-known automotive brands including Chevrolet, Chrysler, Dodge, Jeep, Ram, Ford, and Lincoln.

The transaction was executed with impressive efficiency, thanks to the relentless efforts of Mark Shackelford, Sr. and Jr. from Performance Brokerage Services. Joe Sarchione, one of the family owners, expressed immense satisfaction with the team's performance, highlighting their dedication and industry knowledge throughout the sales process. According to Joe, “Their guidance and expertise made for a seamless transaction.” Such affirmations speak volumes about the reputation Performance Brokerage services has built over the years, previously advising the sale of nearly 400 dealerships in the last five years alone.

Both Mark Shackelford, Sr. and Jr. shared their gratitude for the opportunity to work with the Sarchione family. The pair were instrumental in guiding the business through the complexities of a dealer acquisition while maintaining high standards of professionalism and acumen. Mark Jr. noted the significance of the deal, emphasizing how it not only enhances Ken Ganley's footprint but also provides continuity for the Sarchione family within the new structure.

Ken Ganley Automotive Group is a formidable player in the automotive space, established in 1968 and now based in Broadview Heights, Ohio. As an aggressive and rapidly expanding dealership group, it boasts over 50 locations across the states of Ohio, Pennsylvania, West Virginia, and Florida, securing its place as the 18th largest dealership group in North America according to Automotive News rankings based on new-vehicle retail sales from the prior year.

Ganley himself praised the efforts of Performance Brokerage Services, particularly in managing such a sizable transaction with aplomb. “Mark did an outstanding job keeping a very large, six-store deal on track and moving forward,” he stated, reflecting on the professionalism illustrated throughout the process.

The dealerships will remain operational at their current locations, ensuring a seamless transition for existing and future customers. The Sarchione family will continue to play a role in management under the Ken Ganley umbrella, signaling the group’s commitment to maintaining the legacy built over more than a century.

As this merger takes place, it signifies a trend toward consolidation within the automotive dealership sector. The continued growth of dealership groups like Ken Ganley and the support provided by leaders in brokerage services like Performance Brokerage foreshadows a dynamic and evolving marketplace.

In conclusion, the merging of Sarchione Auto Group into Ken Ganley Automotive Group not only highlights the success of two prominent dealership entities but also marks an important development for consumers in Northeast Ohio. With the backing of a well-structured team and understanding of community needs, the future looks promising for the local automotive landscape.

Topics Auto & Transportation)

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