#USA #Irvine #Performance Brokerage #Performance Peterbilt #The Larson Group

The Successful Transition of Performance Peterbilt

Performance Brokerage Services, renowned as North America's leading dealership brokerage firm, has successfully completed the sale of Performance Peterbilt. This transaction marks a significant milestone for both the seller and the buyer, with Performance Peterbilt’s eight locations strategically located across Florida, Georgia, and Mississippi.

Founded in 2012, Performance Peterbilt has carved out a reputation as a leader in the commercial truck industry. The company’s commitment to operational excellence and customer service has won it numerous accolades, including the prestigious Best in Class Dealer of the Year Awards and multiple Platinum awards recognizing excellence in service and operations. These honors underscore the company’s dedication to quality and reliability, essential traits in the trucking industry.

In the lead-up to the sale, Nathan Ried, President of Performance Peterbilt, referred to his relationship with Dan Argiro and Pat Albero from Performance Brokerage Services, stating how their prior engagements instilled confidence in selecting them as representatives for the sale process. Nathan shared, “We have seen their success in helping other dealers over the years and decided to hire them and their team.” During the sale, Argiro and Albero provided essential guidance, ensuring the process was seamless, protecting confidentiality and facilitating smooth negotiations.

The sale of Performance Peterbilt not only reflects the success of the company under Nathan Ried’s management but also welcomes The Larson Group as the new owner, led by Glenn Larson. The Larson Group has a commendable history in the industry, operating 34 locations across 11 states since 1987. Their entry into the Peterbilt dealer network is marked by a philosophy rooted in family values and a deep understanding of the needs of drivers and fleet operators.

Glenn Larson expressed gratitude towards Performance Brokerage Services for their assistance throughout the acquisition, noting, “Having purchased numerous dealerships over the years, we value an industry expert like Performance Brokerage Services.” His acknowledgment highlights the critical role that brokerage firms play in facilitating successful transactions in the dealership landscape.

Following the acquisition, the eight locations of Performance Peterbilt will undergo a rebranding, transitioning to TLG Peterbilt, while retaining their current facilities. This brand continuity is meant to maintain customer loyalty and ensure ongoing service excellence in the newly established structure.

The Larson Group also operates a full-service commercial truck leasing and rental division, continuing to invest in state-of-the-art facilities to enhance both employee and customer experiences across their network. Recognition from the industry further solidifies TLG’s place as a formidable player within the commercial truck sector, having received multiple awards, including the coveted North American Dealer of the Year.

As the commercial truck industry continues to evolve, the collaboration between Performance Brokerage Services, Performance Peterbilt, and The Larson Group exemplifies the importance of professional guidance and strategic planning in achieving successful business transitions. As Nathan Ried embarks on his next chapter, he can look back on the significant achievements of Performance Peterbilt and the promising future it holds under the stewardship of The Larson Group.

In conclusion, Performance Brokerage Services remains committed to its ethos of ethics and integrity, constantly working to provide valued assistance in dealership transactions. For dealers considering a sale or acquisition, they represent a trusted partner ready to navigate the complexities of the dealership market.