#United States #Louisiana #Performance Brokerage #Pakrick-Miller Tractor #MidSouth Tractor

Performance Brokerage Services Facilitates Sale of Patrick-Miller Tractor Company

Performance Brokerage Services, recognized as North America's leading dealership brokerage firm, has successfully negotiated the sale of Patrick-Miller Tractor Company, with locations in Many and Natchitoches, Louisiana. This transaction was completed with the buyer, Jon Bierbaum, representing MidSouth Tractor Company and MidSouth Forestry Equipment, which holds representation for Kubota and Tigercat respectively.

Founded in 1953, Patrick-Miller Tractor Company has been a pillar in the local community, providing reliable equipment and service for decades. The firm operated from two strategic locations and has built a legacy that reseller Jon Bierbaum aims to uphold through this acquisition.

After finalizing the sale, Jason Fluitt, a key figure from Patrick-Miller, expressed his gratitude for the Performance Brokerage Services' team. Recalling his initial meeting with Pat Albero during the Kubota Connect event in 2023, he remarked on how their expertise and dedication stood out immediately. He praised how the team operated with utmost professionalism throughout the entire process, which included identifying the right buyer, managing complex negotiations, and ensuring compliance with Kubota's approval procedure.

Fluitt highlighted the importance of confidentiality and the care taken to preserve the legacy of Patrick-Miller Tractor Company. Pat Albero was commended for marrying financial goals with values that resonate with the business's history and future vision, securing a buyer who matched these expectations.

Since its inception, Performance Brokerage Services has continuously excelled in dealership sales, having facilitated over 300 transactions in the past five years alone, a testament to their unparalleled industry position. Senior Partners Pat Albero and Dan Argiro took the helm as sell-side advisors for this specific transaction, confirming their reputation as trusted agents in a competitive market.

Reflecting on the successful transition, Pat Albero mentioned his pride in representing such a reputable company and the significance it held in the Kubota dealership network. Albero is confident that MidSouth Tractor will succeed in Louisiana, maintaining exceptional service and expertise for local customers.

Meanwhile, Jon Bierbaum, representing MidSouth Tractor, echoed the sentiments shared by Fluitt. He referred to the acquisition of Patrick-Miller Tractor Company as a monumental step for his organization. His appreciation for Performance Brokerage Services was clear as he elaborated on how their support was essential to navigate the complexities involved in the transaction.

Jon credits Performance Brokerage’s extensive understanding of Kubota's operational requirements, noting that their attention to detail and commitment significantly eased the process. He expressed optimism about the future, remarking that this acquisition marks the beginning of a successful new chapter for his company within the Kubota network.

The two current operating locations for Patrick-Miller, situated at 110 Highway 171 Bypass in Many and 5632 Highway 1 in Natchitoches, Louisiana, will now be rebranded as MidSouth Forestry Equipment and MidSouth Tractor Company. This change signifies a renewed mission to uphold the service excellence established by Patrick-Miller while expanding their business footprint within the region.

Performance Brokerage Services has a unique business model that includes offering free valuations without upfront fees, creating a risk-free environment for potential sellers. With over 30 years in the industry, they have garnered a reputation for ethical practices and dedicated service.

With a national presence supported by nine regional offices across the country, their impressive network includes established relationships with vehicle manufacturers, accountants, and legal experts, ensuring a smooth process for all transactions.

As we look forward, the collaboration between Performance Brokerage Services and MidSouth Tractor Company heralds a new era for this historic dealership in Louisiana, as they embark on a journey of growth and community service together.