Performance Brokerage Services Facilitates Purchase of Gengras Volkswagen in Connecticut

Performance Brokerage Services Facilitates Purchase of Gengras Volkswagen

In a significant move for the automotive industry, Performance Brokerage Services has successfully advised on the sale of Gengras Volkswagen located in Plainville, Connecticut. The dealership was purchased from Gengras Motor Cars Inc by Christopher Tornaquindici and Brian Boland, marking an exciting venture for the new owners.

Performance Brokerage Services is recognized as North America's premier dealership brokerage firm, specializing in the buy-sell activity of various automotive dealerships. Over the past five years, the firm has reported an impressive track record, facilitating the sale of nearly 400 dealerships — a testament to its expertise and commitment within the industry.

The Gengras family has a substantial presence in the market, operating nine dealerships across Massachusetts, Connecticut, and Vermont, representing a variety of brands including BMW, Chrysler, Dodge, Jeep, Ram, Ford, Honda, Subaru, and Volvo. With over 500 employees under the leadership of President Chip Gengras and CFO Jonathan Gengras, Gengras Motor Cars Inc is a respected name in the automotive world.

In expressing their satisfaction with the transaction, the Gengras family shared their immense appreciation for the team at Performance Brokerage Services. Despite being the buyers’ advisors, the firm displayed professionalism and integrity throughout the process, collaborating effectively to ensure a seamless transaction. The Gengras family looks forward to maintaining their relationship with Performance Brokerage Services as they transition to new ownership.

Representing the buyers in this transaction, Gershon Rosenzweig, Matt Wilkins, and Jacob Stoehr from the Northeast Office of Performance Brokerage played a vital role in facilitating the deal. Stoehr noted, “It was our honor to assist Chris and Brian in achieving their goal of dealership ownership. This acquisition represents a collaborative effort that delivered valuable outcomes for all parties involved.