Sale of Schaffer Kubota to Springdale Tractor Company
Performance Brokerage Services, which stands as North America's leading dealership brokerage firm, recently announced the successful sale of Schaffer Kubota in Dallas, Texas. The transaction sees Joe Schaffer transferring ownership to the Springdale Tractor Company, a strategic move aimed at expansion and growth.
Background on Schaffer Kubota
Schaffer Kubota is a family-owned dealership deeply rooted in the Dallas-Fort Worth area. Since 2022, this dealership has established itself as a full-line Kubota dealer, providing a variety of equipment and services. Its offerings include rental, lease, and fleet options that cater to a diverse clientele. Located in a bustling urban center, it has become a reputable name among local businesses and contractors looking for quality Kubota products.
A Personal Journey
After the sale, Joe Schaffer shared his thoughts on this significant decision. He emphasized the importance of partnering with a knowledgeable advisor during the complex dealership buy-sell process. With his two sons involved, the sale of the family business added a personal layer, making it crucial to find the right buyer who would honor the legacy they built. Joe praised Pat Albero from Performance Brokerage Services for his understanding of the Kubota network, maintaining a high level of professionalism throughout the process. From identifying potential buyers to navigating the challenging negotiations, his expertise was invaluable, leading to a smooth transaction that exceeded all expectations.
Springdale Tractor Company's Expansion
Springdale Tractor Company, the new owner, expressed gratitude for the opportunity to expand their Arkansas-based Kubota dealership group into Texas. They found the acquisition process to be remarkably efficient, facilitated by Pat Albero and his team who provided timely communication and support at every stage. The transaction allowed them to close quickly, paving the way for their continued growth in the Texas market. Their excitement reflects potential for future developments in the region stemming from this acquisition.
Results of the Transaction
Over the last five years, Performance Brokerage Services has distinguished itself by advising on the sale of more than 300 dealerships. This places them as the predominant brokerage firm in North America for such transactions. The team, which includes Senior Partners Pat Albero and Dan Argiro from the Equipment and Commercial Truck Division, served as exclusive advisors for this transaction. Their collective experience and dedication were pivotal in ensuring the success of the sale.
Pat Albero conveyed his appreciation for representing the Schaffer family, highlighting the rewarding experience of working closely with Joe and his sons. The successful sale not only secure a bright future for Schaffer Kubota, now renamed Kubota of Dallas, but also illustrates how effective guidance can lead to positive outcomes in complex business transactions.
The newly rebranded Kubota of Dallas will continue to operate at its established location at 1023 South Walton Walker Boulevard in Dallas, Texas.
About Performance Brokerage Services
Performance Brokerage Services stands as a hallmark of reliability in dealership brokerage, with over 30 years of operation. They have successfully closed around 900 dealership transactions while maintaining a stellar closing rate of 90%. The firm differentiates itself with a unique approach that includes complimentary value estimates, ensuring clients are never burdened with upfront fees. With their vast network and deep industry knowledge, Performance Brokerage Services continues to be a trusted partner for those looking to buy or sell dealerships across various segments.
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