Performance Brokerage Services, the leader in dealership
buy-sell activity, announces the sale of North Branch Chevrolet in
Minnesota from Lithia &
Driveway (LAD) to Tyler Kadlec of
Tom Kadlec Automotive.
IRVINE,
Calif., Dec. 16, 2024 /PRNewswire/
-- Performance Brokerage Services, North America's highest volume dealership
brokerage firm, is proud to represent Lithia & Driveway (NYSE:
LAD) on the sale of North Branch Chevrolet in North Branch, Minnesota to Tyler Kadlec of Tom Kadlec Automotive.
Lithia & Driveway started from humble beginnings when
Walt DeBoer founded a
Chrysler-Plymouth-Dodge dealership in Ashland, Oregon in 1946. Walt's son,
Sid DeBoer, transformed the
dealership group into Lithia Motors, Inc., a publicly traded
company in 1996. Now a third-generation company, Lithia &
Driveway is run by Sid's son, Bryan
DeBoer, CEO & President, and ranked #1 on the 2024
Automotive News Top 150 Dealership Groups based on 2023 new vehicle
retail sales units.
Director of Network Development for Lithia & Driveway,
Matt Whitmer commented, "When we
decided to divest of our North Branch Chevrolet store, we reached
out to Emily Bourne and Matt Willis at Performance Brokerage Services
for assistance in finding a qualified buyer. From start to finish,
they provided exceptional support in finding the right buyer,
Tyler Kadlec. Their communication
was always clear, consistent, and proactive, ensuring that the deal
stayed on track and allowing us to meet our targeted closing date.
We look forward to working with Matt, Emily, and the entire team at
Performance Brokerage Services again in the future."
Over the last 5 years, Performance Brokerage Services has
advised on the sale of over 300 dealerships, making it the highest
volume dealership brokerage firm in North
America. Paul Kechnie, Senior
Partner, Emily Bourne, Partner, and
Matt Willis, Partner of the
Texas & Midwest Offices for
Performance Brokerage Services were the exclusive sell-side
advisors for this transaction.
Emily Bourne shared, "It was an
honor to represent Lithia & Driveway in the sale of North
Branch Chevrolet to Tyler Kadlec.
Working with Lithia & Driveway, we were able to understand
their goals for divesting the store. It was exciting to find the
perfect buyer in Tyler Kadlec, a
fellow Northwood University alumnus, as
he expands the Tom Kadlec Automotive footprint in Minnesota. It's been a true privilege working
alongside the teams at Lithia & Driveway and Tom Kadlec
Automotive throughout this process. We look forward to continuing
our partnership with both Lithia & Driveway and Tom Kadlec
Automotive to support future buy-sell transactions."
Tom Kadlec Automotive is a family-owned and operated business
that has been proudly serving the Rochester, Minnesota community since 1979,
representing Honda and Kia. Now, they are expanding their reach
with the acquisition of North Branch Chevrolet. Tyler Kadlec, Chief Operating Officer at Tom
Kadlec Automotive shared, "Acquiring North Branch Chevrolet marked
an exciting new chapter for our family, and we couldn't have done
it without the outstanding support of Emily
Bourne and Matt Willis at
Performance Brokerage Services. Their professionalism and expertise
were evident from the start, ensuring a smooth and straightforward
process. What truly stood out was their trustworthiness. Emily and
Matt were transparent, honest, and always available to answer
questions or provide guidance. Their unwavering focus on our goals
gave us confidence every step of the way. We are deeply grateful to
Emily and Matt for their hard work and dedication throughout this
journey. We wholeheartedly recommend their services to anyone
looking to buy or sell a dealership."
North Branch Chevrolet will be renamed Tom Kadlec Chevrolet and will remain at its
current location at 38420 Tanger Drive in North Branch, Minnesota.
About Performance Brokerage Services
Performance Brokerage Services, Inc. is North America's highest volume dealership
brokerage firm, specializing in buy-sell activity for automotive,
RV, commercial truck, powersports, and equipment
dealerships.
With over 30 years of experience, 900 dealerships sold, and a
90% closing rate, the company's reputation is unmatched and
governed by the utmost ethical conduct and integrity.
The company offers a unique approach by providing complimentary
estimates of value with no upfront fees or retainer, no
reimbursement of costs, and paid a success fee only after the
transaction closes.
Headquartered in Irvine,
California, and supported by 9 regional offices in
Utah, Texas, Illinois, Florida, Virginia, Ohio, New
Jersey, Alberta and
Ontario, clients benefit from
national exposure with local representation.
As trusted and respected experts in the field, the company
utilizes an extensive network of industry related attorneys,
accountants, hundreds of registered buyers, and longstanding
relationships with various vehicle manufacturers.
For more information about the services offered by Performance
Brokerage Services,
visit https://performancebrokerageservices.com.
Media Contact:
Jesse Stopnitzky, Co-Owner
(949) 309-2851
jesse@performancebrokerageservices.com
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SOURCE Performance Brokerage Services, Inc.
