Performance Brokerage Services Completes Major Deal
Performance Brokerage Services, known for its excellence in dealership buy-sell transactions, recently orchestrated the sale of Fred Martin's Mercedes-Benz and Ford dealerships. This significant deal was made with #1 Cochran Automotive Group, a top-50 dealer group.
About #1 Cochran Automotive Group
#1 Cochran Automotive Group was founded in 1965 by Bob Cochran, starting with a single Pontiac dealership in Pennsylvania. Through the years, the group has expanded to become one of the nation’s largest automotive retailers with over 30 dealerships across multiple states, representing 20 brands and employing approximately 1,900 dedicated individuals.
Successful Transition
Fred Martin expressed immense gratitude towards Mark Shackelford of Performance Brokerage Services for his invaluable assistance in this transition. After decades in the dealership business, Fred was able to retire fulfillingly, attributing much of his successful sale to Shackelford's proactive approach and unwavering support.
The Team Behind the Deal
The successful transaction was led by a dedicated team from Performance Brokerage Services, which included industry veterans Mark Shackelford, Sr., Mark Shackelford, Jr., Gershon Rosenzweig, Matt Wilkins, and Jacob Stoehr. Their extensive expertise facilitated a smooth and efficient sale process, ensuring a beneficial outcome for both parties.
Fred Martin’s Legacy
With a career spanning over five decades, Fred Martin leaves a legacy in the automotive industry. Under his stewardship, his dealerships became well-respected and successful entities within the local market.
#1 Cochran's Future Plans
Post acquisition, Fred Martin’s establishments will be rebranded as Mercedes-Benz of Youngstown and #1 Cochran Ford Youngstown, retaining their original locations. The team looks forward to leveraging the strengths of the combined operations to enhance customer experience and service delivery.
Performance Brokerage Services’ Commitment
Performance Brokerage Services has solidified its position in North America as a premier dealership brokerage firm, managing the sale of over 300 dealerships within five years. The company’s commitment to ethical practices and client satisfaction is a cornerstone of its operations.
How They Operate
With more than 30 years of experience, the firm offers complimentary valuations without upfront fees, charging only upon a successful sale. This transparent approach has distinguished them in a competitive market.
Contact Information
Located in Irvine, California, with nine regional offices across various states, Performance Brokerage Services focuses on providing exceptional service guided by industry expertise and a vast network of relationships with buyers and manufacturers.
Frequently Asked Questions
What dealerships were sold by Performance Brokerage Services?
They facilitated the sale of Fred Martin's Mercedes-Benz and Ford dealerships to #1 Cochran Automotive Group.
Who founded #1 Cochran Automotive Group?
#1 Cochran was established in 1965 by Bob Cochran in Pennsylvania.
How many dealerships does #1 Cochran operate?
They operate more than 30 dealerships across Ohio and Pennsylvania.
What services does Performance Brokerage Services offer?
They specialize in dealership buy-sell transactions across multiple vehicle segments, providing valuations and advisory services.
What was the primary reason for the sale of Fred Martin's dealerships?
Fred Martin sought to retire after a long career, believing the sale was the right step for the future of his dealerships.
