#USA #GMC #Lewis Automotive #Dodge City

GMC of Dodge City Acquisition by Lewis Automotive Group

Performance Brokerage Services, North America’s leading dealership brokerage firm, has announced the successful sale of GMC of Dodge City in Kansas. This deal involved the transfer of ownership from the G1 Group to Lewis Automotive Group, marking a significant milestone in the local automotive market.

Background of the Companies

The G1 Group is a notable investment firm that has established a diversified portfolio in various sectors including automotive, entertainment, and finance, predominantly focusing on car dealerships. The company’s base in Wichita, Kansas, has enabled it to grow its presence and make strategic investments in the region.

Lewis Automotive Group, founded by Ralph Lewis in 1968, operates as a family business that has been solidified through three generations of the Lewis family. With ten dealerships across Kansas, the group offers a wide range of vehicle brands including Toyota, Ford, Chevrolet, and GMC. The acquisition symbolizes the growth trajectory of the family business and their commitment to serving the community.

Details of the Transaction

This transaction showcases Performance Brokerage Services’ expertise in dealership buy-sell activity, having facilitated nearly 400 dealership sales in just five years. Senior Partner Paul Kechnie and Partner Eric Scott spearheaded the advisory role in this acquisition, ensuring a seamless transition for both parties.

Eric Scott shared insights into the deal, expressing how his longstanding relationship with the Lewis family made this transaction a natural fit. He stated, “I’ve been looking for a dealership for the Lewis family for a few years and have built a strong relationship with Brad and Jamey during this time.” This connection played a crucial role in making the deal straightforward and successful.

The GMC franchise acquired will be relocated to Lewis Automotive Group’s Chevrolet dealership located at 900 South 2nd Avenue in Dodge City. This strategic move is set to enhance accessibility for customers, combining the operations under one roof and streamlining service offerings.

Community Impact and Future Prospects

With the Lewis family deeply rooted in the local community, their acquisition of GMC of Dodge City is expected to bring continued excellence in service and customer relations. Brad Lewis, a key member of the board, indicated his satisfaction with both the transaction process and the collaboration with Performance Brokerage Services as well as the G1 Group. Commenting on the experience, he noted, “The transaction went very smoothly, and the G1 Group, as the seller, was also excellent to work with.”

As Lewis Automotive Group continues its expansion efforts, it not only strengthens its market position but also reinforces its commitment to the local automotive industry, creating more jobs and improving overall community service.

About Performance Brokerage Services

Performance Brokerage Services has firmly established itself as a leader in dealership brokerage across North America, specializing in the automotive sector. With over 30 years of experience and a remarkable success rate, they are recognized for their integrity and client-focused approach, providing complimentary estimates without upfront costs. Headquartered in Irvine, California, and supported by regional offices across the continent, their vast network encompasses industry experts and resources that facilitate seamless transactions like the acquisition of GMC of Dodge City.

In conclusion, the acquisition of GMC of Dodge City by Lewis Automotive Group is a promising development in the automotive landscape of Kansas. It reflects the dedication of the Lewis family to grow their business while continuing to serve their community effectively.