Performance Brokerage Services Completes Major Dealership Sale in Tennessee
In a significant maneuver within the automotive retail sector, Performance Brokerage Services announced the completion of a pivotal transaction involving Foundation Automotive Corp's four dealerships located in Tennessee. This acquisition by Jones Motor Company comprises the dealerships of Jones Chevrolet Humboldt, Jones Nissan of Savannah, Jones GMC of Savannah, and Jones Chrysler Dodge Jeep Ram of Savannah, solidifying the presence of Jones Motor Company in the region.
Founded in 1960, Jones Motor Company has built a reputation as a trusted name in the automotive industry, supporting communities across Tennessee with five operational locations. The dealerships span various well-known brands, including Ford, Chrysler, Dodge, Jeep, Ram, Chevrolet, Nissan, and GMC, catering to a vast customer base seeking reliable vehicles and exemplary service.
The decision to sell the four dealerships came from Foundation Automotive Corp, a company recognized for managing over a dozen dealerships across Colorado and Texas. Their strategic move is aimed at realigning their focus within the automotive sector, as indicated by Mike McMeeken, the Vice President of Corporate Development at Foundation. He expressed his gratitude towards Performance Brokerage Services, highlighting the professionalism and tenacity of their team throughout the process. The collaboration with George Chaconas, Jimmy Robinson, Courtney Bernhard, and Jesse Stopnitzky was crucial in ensuring a smooth transaction despite facing several challenges along the way.
Performance Brokerage Services stands as North America’s leading dealership brokerage firm, having executed nearly 400 transactions in the past five years. Known for its extensive experience and high closing rate of 90%, the firm is characterized by its ethical conduct and integrity, ensuring clients receive unparalleled service without upfront fees or retainers.
George Chaconas, a partner at Performance Brokerage during this transaction, expressed his enthusiasm for successfully completing the sale of Foundation Automotive's dealerships in Tennessee. He emphasized the importance of teamwork and the collaborative spirit shared by his partners. Recognizing the tireless efforts required to close the deal, he used this opportunity to extend special thanks to Mike and everyone at Foundation.
Jimmy Robinson, another pivotal figure in the transaction, conveyed his appreciation for the trust Foundation Automotive placed in them. He echoed sentiments of teamwork, noting that working with Mike and the Foundation team was enjoyable and fruitful.
With this sale finalized, both Jones Motor Company and Performance Brokerage Services look forward to future collaborations. Jones Motor Company's expansion in Tennessee is a testament to the enduring legacy of family-owned dealerships, resonating with local markets and fostering community relations. As these dealerships continue their operations, they promise to uphold the high standards of customer service and quality that have defined their brands.
In summary, the recent sale of the four Tennessee dealerships marks an important chapter in both Foundation Automotive and Jones Motor Company’s stories. It encapsulates the thriving environment within the automotive dealership market while spotlighting the critical roles played by brokerage firms like Performance Brokerage Services that facilitate such transactions. Their commitment to ethical business practices, integrity, and customer satisfaction continues to pave the way for success in the dealership industry.
To learn more about Performance Brokerage Services and their commendable track record, visit their official website or reach out to their media contacts.
Founded in 1960, Jones Motor Company has built a reputation as a trusted name in the automotive industry, supporting communities across Tennessee with five operational locations. The dealerships span various well-known brands, including Ford, Chrysler, Dodge, Jeep, Ram, Chevrolet, Nissan, and GMC, catering to a vast customer base seeking reliable vehicles and exemplary service.
The decision to sell the four dealerships came from Foundation Automotive Corp, a company recognized for managing over a dozen dealerships across Colorado and Texas. Their strategic move is aimed at realigning their focus within the automotive sector, as indicated by Mike McMeeken, the Vice President of Corporate Development at Foundation. He expressed his gratitude towards Performance Brokerage Services, highlighting the professionalism and tenacity of their team throughout the process. The collaboration with George Chaconas, Jimmy Robinson, Courtney Bernhard, and Jesse Stopnitzky was crucial in ensuring a smooth transaction despite facing several challenges along the way.
Performance Brokerage Services stands as North America’s leading dealership brokerage firm, having executed nearly 400 transactions in the past five years. Known for its extensive experience and high closing rate of 90%, the firm is characterized by its ethical conduct and integrity, ensuring clients receive unparalleled service without upfront fees or retainers.
George Chaconas, a partner at Performance Brokerage during this transaction, expressed his enthusiasm for successfully completing the sale of Foundation Automotive's dealerships in Tennessee. He emphasized the importance of teamwork and the collaborative spirit shared by his partners. Recognizing the tireless efforts required to close the deal, he used this opportunity to extend special thanks to Mike and everyone at Foundation.
Jimmy Robinson, another pivotal figure in the transaction, conveyed his appreciation for the trust Foundation Automotive placed in them. He echoed sentiments of teamwork, noting that working with Mike and the Foundation team was enjoyable and fruitful.
With this sale finalized, both Jones Motor Company and Performance Brokerage Services look forward to future collaborations. Jones Motor Company's expansion in Tennessee is a testament to the enduring legacy of family-owned dealerships, resonating with local markets and fostering community relations. As these dealerships continue their operations, they promise to uphold the high standards of customer service and quality that have defined their brands.
In summary, the recent sale of the four Tennessee dealerships marks an important chapter in both Foundation Automotive and Jones Motor Company’s stories. It encapsulates the thriving environment within the automotive dealership market while spotlighting the critical roles played by brokerage firms like Performance Brokerage Services that facilitate such transactions. Their commitment to ethical business practices, integrity, and customer satisfaction continues to pave the way for success in the dealership industry.
To learn more about Performance Brokerage Services and their commendable track record, visit their official website or reach out to their media contacts.
Topics Consumer Products & Retail）
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