Performance Brokerage Services Facilitates Transaction of Highway Motors, Inc. to K. Neal Truck & Bus Center

Performance Brokerage Services Facilitates Highway Motors Sale

Introduction
In an exciting development for the commercial trucking industry, Performance Brokerage Services has successfully facilitated the sale of Highway Motors, Inc. This esteemed dealership, which has served Virginia's trucking needs since 1929, has transitioned from owner Tom Mohr to Korey Neal of K. Neal Truck & Bus Center, Inc. The deal marks a significant shift in the regional dealership landscape, with Highway Motors maintaining its name and legacy while being integrated into K. Neal's family of businesses.

Background of Highway Motors, Inc.
Highway Motors is a family-owned dealer specializing in commercial trucks, with its history rooted in Harrisonburg, Virginia. Over the years, the company has expanded its services to cover four strategic locations in Virginia: Harrisonburg, Winchester, Roanoke, and Leesburg. Their dedication to customer service is evident in their broad service offerings, which include sales of new and pre-owned International Trucks along with maintenance and fleet support. This company's deep connection to the community has made it a cherished business among local trucking operators.

Tom Mohr, the president of Highway Motors, reflected on the transition, highlighting the emotional intricacies involved in selling a family business. He expressed appreciation for the support provided by Performance Brokerage Services, which provided invaluable guidance throughout the buy/sell process. "I needed to better understand the buy/sell process and wanted a trusted partner. From our first conversation to closing, Dan was there every step of the way," Mohr stated, underscoring the importance of having an experienced team during such a significant transition.

The Role of Performance Brokerage Services
Performance Brokerage Services has positioned itself as a leader in dealership buy-sell activity, boasting an impressive track record of nearly 450 transactions over the last five years. Senior partners Dan Argiro and Pat Albero played crucial roles as exclusive sell-side advisors in this transaction, ensuring that Tom Mohr and his family legacy were represented effectively. Argiro expressed his honor in representing Highway Motors, adding that it was essential to find the right buyer capable of continuing the company's proud tradition.

Introduction of K. Neal Truck & Bus Center
K. Neal Truck & Bus Center, headed by Korey Neal, has made remarkable strides in the commercial vehicle sector since its founding. Established in Hyattsville, Maryland, the company has been recognized for its commitment to modern technology and cleaner transportation solutions. With this acquisition, K. Neal now operates a total of eight locations across Maryland and Virginia, enhancing their service capacity and market reach.

Korey Neal acknowledged the synergy between Highway Motors and K. Neal Truck & Bus Center, noting how their shared commitment to customer satisfaction will propel the business forward. "We are thrilled to finalize this acquisition and officially welcome the Highway Motors team into the K. Neal Truck & Bus family," Neal conveyed. His optimism for the future growth of both businesses resonates with the broader trends within the trucking industry, particularly in the Mid-Atlantic region, which is experiencing economic expansion.

Conclusion
The transaction between Highway Motors and K. Neal Truck & Bus Center signifies more than just a sale; it embodies the continuation of a legacy while setting a promising course for future innovation and service excellence. As Highway Motors transitions into the capable hands of K. Neal, it is well-positioned to honor its heritage and leverage new opportunities in the evolving market.

This sale not only highlights the effectiveness of Performance Brokerage Services but also underscores the collaborative spirit of the commercial trucking industry. For those interested in learning more about Performance Brokerage Services or exploring similar opportunities within the dealership landscape, further information can be found on their website: Performance Brokerage Services.

Together, these firms represent the best of the dealership world—rooted in tradition yet forward-looking and prepared to meet the demands of the future.