Performance Brokerage Services Facilitates Sale of Lakeside Chevrolet to Hiley Automotive Group

Performance Brokerage Services Facilitates Sale of Lakeside Chevrolet

Performance Brokerage Services, recognized as North America's leading dealership brokerage firm, has announced a remarkable transaction involving the sale of Lakeside Chevrolet, located in Rockwall, Texas. The dealership, previously owned by Carol Grady, Michael Grady, and Bob Holliman, has now transitioned to the management of Jason Hiley from Hiley Automotive Group.

Founded in 1972 by Walter "Pat" Grady and his wife, Carol, Lakeside Chevrolet has been a staple in Rockwall's automotive sector for over five decades. The dealership is strategically positioned on a bustling auto row, boasting visibility from Highway 30. Its state-of-the-art facilities include energy-efficient solar panels, underscoring a commitment to sustainability.

Carol Grady expressed her satisfaction with the selling process, noting the clarity of her criteria from the outset. She appreciated the expertise of Eric Scott from Performance Brokerage Services, who quickly grasped the importance of finding a fitting buyer. According to her, while past inquiries lacked the right match, this transaction was seamless and aligned perfectly with the expectations set forth.

Bob Holliman, the dealer principal and Carol's son-in-law, echoed her sentiments, emphasizing the necessity of a qualified buyer. He highlighted that they aimed to avoid prolonged negotiations and bidding, preferring a straightforward transaction with pre-defined conditions. "Eric and his team excelled in presenting us with the right buyer swiftly, ensuring a smooth transition with minimal fuss."

Performance Brokerage Services has a proven track record, having aided in the sales of nearly 400 dealerships in the past five years alone, solidifying its position at the forefront of dealership brokerage in North America. With the expertise of partners Paul Kechnie and Eric Scott, who served as exclusive advisors for this sale, the firm has reinforced its reputation for efficacy and professionalism.

Eric Scott remarked that Jason Hiley was an exemplary buyer, known for his impressive portfolio of high-performing dealerships within the Dallas-Fort Worth area. Upon learning Lakeside Chevrolet was available, Hiley immediately became the preferred candidate. Scott noted Hiley's dedication to honoring the legacy of Lakeside Chevrolet as paramount, appreciating the commitment to the community made by its long-time operators.

The Hiley Automotive Group has been in operation since 1990, expanding under the guidance of Randy Hiley. Today, Jason Hiley leads the family-run business, which includes 14 dealerships across Texas and Alabama. The group has earned recognition for its exceptional customer service and high employee satisfaction, reflected in its ranking as #92 on the Automotive News Top 150 Dealership Groups for new-vehicle retail sales.

Jason Hiley shared his positive experience with Performance Brokerage Services, noting the professionalism and smoothness of the transaction. Having been on the lookout for a Chevrolet dealership in the area, he found the association with Eric Scott and his team to be exceptionally beneficial. Hiley described the entire experience as one where communication was clear and efficient, leading to a successful outcome with minimal distractions.

Upon completion of the transaction, Lakeside Chevrolet will be rebranded as Hiley Chevrolet, continuing its operations at its established location in Rockwall, Texas. The promise remains that it will uphold the values and standards set forth by the Grady family, ensuring continuity in quality service for the community.

Performance Brokerage Services stands out as an unmatched dealership brokerage firm with more than 30 years in the field, a substantial record of sales, and exemplary ethics guiding its operations. Its unique business model includes providing complimentary estimations and a success fee structure that only takes effect post-transaction.

For those interested in exploring their dealership options or seeking expert advice in the automotive sector, Performance Brokerage Services is an industry leader with a robust network and dedication to client satisfaction. For further details on their services, visit Performance Brokerage Services.