Hiley Automotive Group Acquires Lakeside Chevrolet
Performance Brokerage Services, recognized as a leader in dealership buy-sell activity, has successfully facilitated the sale of Lakeside Chevrolet. The dealership, previously owned by Carol Grady, Michael Grady, and Bob Holliman, is now part of the Hiley Automotive Group, represented by Jason Hiley.
A Legacy in the Automotive Industry
Lakeside Chevrolet has a rich history dating back to its founding in 1972 by Walter "Pat" Grady and his wife, Carol. The dealership is strategically located along Highway 30, benefiting from excellent visibility and accessibility. It has been upgraded with modern amenities, including energy-efficient solar panels, showcasing a commitment to sustainability.
Significance of the Sale
Carol Grady expressed satisfaction with the entire selling process, noting how Eric Scott from Performance Brokerage Services understood her needs and preferences. This sale was particularly important as it ensured the continuation of the legacy established by the Grady family over several decades. Bob Holliman, Carol's son-in-law and Dealer Principal at Lakeside Chevrolet, emphasized the importance of finding a buyer who could uphold the dealership's reputation and standards.
The Role of Performance Brokerage Services
Performance Brokerage Services has become a powerhouse in the industry, advising on the sale of nearly 400 dealerships in recent years. Their expertise has positioned them as the highest volume dealership brokerage firm in North America. With dedicated advisors like Paul Kechnie and Eric Scott, the firm makes negotiations seamless and efficient.
An Insight into Hiley Automotive Group
Founded in 1990 by Randy Hiley, Hiley Automotive Group has grown significantly, now boasting 14 dealerships across Texas and Alabama. Known for its commitment to exceptional customer service and employee satisfaction, Hiley Automotive Group has earned a place among the top dealerships in the country, ranking #92 on the Automotive News Top 150 Dealership Groups list.
Future of Lakeside Chevrolet
Moving forward, Lakeside Chevrolet will be rebranded as Hiley Chevrolet, reflecting the new ownership while retaining its established customer base and operational standards. The location at 2005 South Goliad Street will continue to serve the community, ensuring that the legacy of quality service remains intact.
Conclusion
The sale of Lakeside Chevrolet represents a significant transition in the automotive landscape, emphasizing the importance of legacy and community service. Both Performance Brokerage Services and Hiley Automotive Group have played crucial roles in this transaction, ensuring a smooth process that honors the history of Lakeside Chevrolet.
Frequently Asked Questions
What is the significance of the sale of Lakeside Chevrolet?
The sale ensures the continuation of the dealership’s legacy, which has been a staple in the community since 1972.
Who is the new owner of Lakeside Chevrolet?
The dealership is now owned by Jason Hiley of Hiley Automotive Group.
What role did Performance Brokerage Services play in this transaction?
Performance Brokerage Services acted as the exclusive sell-side advisors, facilitating a smooth sale process.
What will happen to Lakeside Chevrolet after the sale?
Lakeside Chevrolet will be renamed Hiley Chevrolet but will continue to operate from its current location.
How will this sale impact the employees and the community?
The new ownership aims to uphold the dealership's standards and continue to provide excellent service to customers and the community.
