#United States #Wyoming #Performance Brokerage #Peterbilt #Jackson Group

Peterbilt of Wyoming Transitions to Jackson Group

Performance Brokerage Services has successfully managed the sale of Peterbilt of Wyoming's four locations—Casper, Rock Springs, Cheyenne, and Riverton—to Jackson Group Peterbilt. This move not only reflects the continued growth of both firms but also the legacy established by the DeVore family over decades.

Founded in 1949 by Stanley DeVore, Peterbilt of Wyoming is a third-generation family business that has cultivated strong relationships in the trucking industry. The DeVore brothers, Fred and Bill, took over the reins jointly in 2005, carrying forward the values and ethos initiated by their father, who served as President since 1969.

For the DeVore brothers, selling their family-owned dealerships was no small feat. Fred articulated the emotional gravity of this decision, emphasizing the exceptional role played by Performance Brokerage Services' Pat Albero and Dan Argiro in ensuring a seamless transition. He expressed gratitude for their understanding of the PACCAR network, diligence in maintaining confidentiality, and professionalism throughout the intricate process. Their efforts allowed Fred and Bill to manage operations with an unwavering focus, all while navigating the complexities of a sale.

Over the past five years, Performance Brokerage Services has become a major player in the dealership brokerage sector, concluding over 300 transactions. This impressive portfolio positions them as a trusted authority in the industry, showcasing their expertise in buy-sell activities for automotive, RV, commercial truck, and powersports dealerships.

Pat Albero, a Senior Partner within the Commercial Truck Equipment Division at Performance Brokerage Services, reflected on the rewarding experience of collaborating with the DeVore brothers. His commitment to guiding them through each phase of the transaction ensured the preservation of the family's legacy throughout the sale process. Albero expressed excitement for the future of Jackson Group Peterbilt, which is poised for further success under the ownership of Blake Jackson.

Jackson Group Peterbilt, originally established in 1977 by Eric Jackson, has expanded exponentially under Blake Jackson's stewardship. Following his acquisition of full ownership in 2005, Blake has driven the strategic growth of the company to encompass over 30 locations across eight states. Jackson spoke highly of the collaborative atmosphere fostered by Performance Brokerage Services, citing their professionalism and transparency as pivotal aspects of the successful sale experience.

This operational transformation will see the Peterbilt of Wyoming locations rebranded as Jackson Peterbilt Group, creating a fresh chapter for the dealerships in their existing locations. The recognition of Jackson Group as the North American Dealer Group of the Year reflects its commitment to excellence, corroborated by accolades from Peterbilt Motors Company and PACCAR.

As the dealership landscape evolves and adapting to industry dynamics becomes increasingly critical, this significant sale exemplifies how strategic partnerships with brokerage firms yield positive results. Performance Brokerage Services firmly stands at the forefront of these transitions, aiding businesses like Peterbilt of Wyoming to find suitable buyers capable of continuing their storied legacies.

In conclusion, this sale emphasizes not only operational success but also a pledge to uphold family traditions and values that have characterized Peterbilt of Wyoming for over 75 years. As operations continue seamlessly under new ownership, both organizations are set to flourish.