Hyundai of Dodge City Changes Ownership to Legacy Auto Center Under Performance Brokerage's Guidance

Key Details of the Sale of Hyundai of Dodge City

In a significant development within the automotive dealership landscape, Performance Brokerage Services has recently announced the sale of Hyundai of Dodge City, situated in Kansas. The negotiation, which was exclusively facilitated by Performance Brokerage Services, resulted in the transfer of ownership from the G1 Group to Jennifer and Jason Dougherty of Legacy Auto Center.

About the G1 Group

The G1 Group is an established investment firm based in Wichita, Kansas. Their portfolio is notably diversified, encompassing sectors such as automotive, entertainment, finance, real estate, sports, technology, and transportation. Automotive ventures constitute the principal focus of the group, which operates with a meaningful ethos, as reflected in its name 'G1,' symbolizing 'first generation' and underscoring its founders' entrepreneurial spirit. The G1 Group has successfully employed over 170 individuals and boasts impressive annual revenues exceeding $100 million.

Over the past five years, Performance Brokerage Services has solidified its position as the highest volume dealership brokerage firm in North America, facilitating nearly 450 dealership sales. Key members involved in this latest transaction include Senior Partner Paul Kechnie, Managing Partner Matt Willis, and Partner Jamie Farley from their Texas and Midwest offices.

The Transition and Future Prospects

In commenting on the successful closure of the deal, Jamie Farley noted, “We were pleased to assist in facilitating the sale of Hyundai of Dodge City. Both parties approached the transaction with professionalism and a shared commitment to getting the deal across the finish line.” The synergy between the buyers and sellers was evident, showcasing how collaboration leads to successful outcomes. This acquisition positions Legacy Auto Center for growth in the Southwest Kansas market.

Legacy Auto Center, now incorporating Hyundai of Dodge City, is a family-operated dealership specializing in Chrysler, Dodge, Jeep, and Ram vehicles. Founded in 2010, the Doughertys have expanded their business operations, transitioning from an independent used-vehicle dealership to gaining a Chrysler franchise in 2015. This move marks a pivotal opportunity for them, not only to increase market share but also to enhance their service offerings.

Jason Dougherty, the Dealer Principal at Legacy Auto Center, expressed his satisfaction with the process: “The G1 Group was fantastic to work with, and the entire transaction for Hyundai of Dodge City moved smoothly from start to finish. We’re grateful to Performance Brokerage Services for presenting us with a strong opportunity to grow our presence in the Southwest Kansas market.”

Community Commitment

The dealership, well-known for its commitment to the local community, actively supports several charitable endeavors. Initiatives include Operation Christmas Child through Samaritan’s Purse, the Western Kansas Child Advocacy, various programs at Garden City Community College, and contributions to the Leave A Legacy Foundation, promoting breast cancer awareness. These efforts underline Legacy Auto Center's dedication not just to business growth, but also to social responsibility.

Future Branding and Location

Post-acquisition, Hyundai of Dodge City will be rebranded as Legacy Hyundai of Southwest Kansas and will have its operation relocated to Garden City, Kansas. This strategic move is anticipated to further bolster the dealership’s presence in the region, ensuring continued service excellence for local residents.

About Performance Brokerage Services

Performance Brokerage Services, Inc. has established itself as North America's premier dealership brokerage firm, given its robust buy-sell activities involving automotive and related dealerships. With over three decades of experience and an impressive track record of over 900 dealerships sold, the firm's reputation is built on ethical conduct and client-centric service. They operate without upfront fees or retainers, charging a success fee only upon successful transaction closure.

Headquartered in Irvine, California, and supported by 12 regional offices across the United States and Canada, Performance Brokerage Services offers unmatched exposure and local representation, ensuring clients benefit from their trusted network and extensive industry connections.