Performance Brokerage Services Facilitates Sale of I-29 RV, Marine & Outdoor to Bish's RV

Major Deal in the RV Industry: I-29 RV Sold to Bish's RV

In a significant development in the recreational vehicle sector, Performance Brokerage Services (PBS), the leading dealership brokerage firm in North America, has successfully orchestrated the acquisition of I-29 RV, Marine & Outdoor in Tea, South Dakota. The sale was made by Bruce Nerison to Bish's RV, a well-established name in the RV industry. This transaction not only marks the transition of ownership for I-29 RV but also sets the stage for further expansion and opportunity for both parties involved.

Background of the Deal

Established by Bruce Nerison in 2019, I-29 RV, Marine & Outdoor quickly became a notable destination for RV, boat, and golf cart enthusiasts in the vicinity of Sioux Falls. The dealership boasts a prime location, occupying 12.57 acres with direct visibility along Interstate 29, featuring an impressive 20,400 square feet of indoor display space. In addition, a substantial service building with 16 service bays was added in 2021, enhancing their operational capacity.

Bruce Nerison expressed satisfaction with the selling process, highlighting Jesse Stopnitzky from Performance Brokerage Services as integral to the seamless transaction. He praised Stopnitzky's industry expertise, professionalism, and effective communication. Nerison remarked on how PBS facilitated the sale, ensuring confidence throughout the process. With a quick turnover, he feels the outcome was highly satisfactory, recommending both Stopnitzky and PBS for any dealership-related transactions.

Impact on the Dealership Landscape

Performance Brokerage Services has solidified its reputation by facilitating nearly 400 dealership sales in the past five years, establishing itself as the highest volume brokerage firm in the industry. Jesse Stopnitzky, who serves as the Co-Owner and Director of the RV Division at PBS, played an essential role as the exclusive sell-side advisor in this transaction.

Reflecting on the importance of such transactions, Stopnitzky remarked on the pivotal moments in clients' careers where PBS provides invaluable guidance and resources, allowing clients to diversify their investment portfolios. As part of this sale, Nerison now aims to realize his dream of becoming a new car franchise dealer in South Dakota, aspiring to develop an automotive dealership group with his CFO, Nick Kortan.