Exciting Changes for Coad Chevrolet and Coad Ford
Performance Brokerage Services, the top dealership buy-sell advisory firm, has successfully facilitated the sale of Coad Chevrolet and Coad Ford. Tim Coad, Mike Coad, and Rick Kennard are passing the torch to JP Sides, Allen Rhodes, and Josh Overbey, leaders of JP Sides Automotive Group.
Legacy of the Coad Family
The Coad family has been a cornerstone of the Anna community for almost five decades, establishing a solid reputation for customer service and local involvement. This transition to JP Sides Automotive Group is a significant step as it allows for the continuation of this legacy.
About JP Sides Automotive Group
The team at JP Sides, including Allen Rhodes and Josh Overbey, brings a wealth of experience to these dealerships. They are committed to enhancing the visibility and service of Coad Chevrolet and Coad Ford within Southern Illinois. Their goal is to ensure a smooth transition for both employees and customers while retaining the strong foundation built by the Coad family.
Performance Brokerage Services' Expertise
Over the past five years, Performance Brokerage Services has completed the sale of nearly 400 dealerships, earning its position as the highest volume dealership brokerage firm in North America. Paul Kechnie, Senior Partner at the firm, was the exclusive sell-side advisor throughout this transaction, underlining the firm's capability and dedication.
Performance Brokerage Services expressed gratitude for the trust and collaboration from all parties involved in this process, emphasizing the significance of the sale.
New Names, Same Locations
Following the transition, Coad Chevrolet and Coad Ford will be rebranded as JP Sides Chevrolet and JP Sides Ford. Both dealerships will continue to operate from their established locations, ensuring a seamless experience for the community.
About Performance Brokerage Services
Performance Brokerage Services, Inc. stands as North America's leading dealership brokerage firm, specializing in activities related to automotive, RV, commercial trucks, powersports, and equipment dealerships. With over 30 years of industry experience, it boasts a remarkable track record of 900 dealerships sold and a 90% closing rate.
The company is known for its transparent approach, offering complimentary value estimates without upfront fees or retainers. They only collect a success fee upon the closure of a transaction, which sets them apart in the market.
Based in Irvine, California, Performance Brokerage Services operates with 12 regional offices across the U.S. and Canada, combining national outreach with personalized local support for clients.
Industry Connections and Resources
As respected experts in their field, the company leverages a broad network comprising industry-specific attorneys, accountants, and numerous registered buyers, alongside long-term relationships with various vehicle manufacturers. This extensive network provides clients with unparalleled resources and insights.
Frequently Asked Questions
What is Performance Brokerage Services known for?
Performance Brokerage Services is recognized as North America's leading dealership brokerage firm, specializing in dealership buy-sell activities across various sectors.
Who were the sellers in this recent transaction?
The sellers were Tim Coad, Mike Coad, and Rick Kennard, who have operated Coad Chevrolet and Coad Ford for nearly 50 years.
What are the new names for the dealerships?
After the transition, the dealerships will be renamed JP Sides Chevrolet and JP Sides Ford.
How many dealerships has Performance Brokerage Services sold?
Performance Brokerage Services has sold over 900 dealerships with a high closing rate of 90%.
What approach does Performance Brokerage Services take for clients?
The firm offers complimentary estimates with no upfront fees and only charges a success fee after a sale is completed.
