Historic Sale of Harley-Davidson Marks New Beginnings
Performance Brokerage Services, the leading automotive dealership brokerage firm, recently facilitated the significant sale of Historic Harley-Davidson. The dealership was sold from Mike Patterson to entrepreneur Steven Towers, a transaction that highlights the trends in dealership buy-sell activities.
An Esteemed Legacy
Established in 1949, Historic Harley-Davidson represents four generations of the Patterson family. This legacy of commitment and passion was noteworthy as the dealership transitioned to a new owner. Mike Patterson and his family have poured dedication into this dealership, making it a beacon of the Harley-Davidson community.
The Role of Performance Brokerage Services
Performance Brokerage Services, known for its extensive experience in the industry, has successfully advised on the sale of over 300 dealerships within the past five years. George C. Chaconas, a senior partner at the firm, along with his colleagues Courtney Bernhard and Juan Pardo, served as exclusive advisors for this notable transaction.
The Journey of Transition
After the sale, Mike Patterson reflected, "I got to know George Chaconas of Performance Brokerage Services while he was engaged in dealership buy-sells in my market area. Although I focused on exciting new ventures, when I considered selling, I trusted George and his knowledgeable team." His heartfelt sentiments acknowledge the complexities involved in selling a family business with such rich history.
Strategic Partnerships and Future Plans
Performance Brokerage Services takes pride in its client relationships and continues to assist dealers in navigating their future. Towers, a seasoned entrepreneur with over ten years in the dealership space, is not new to the Harley brand. He has previously acquired multiple dealerships—all facilitated by Performance Brokerage Services.
Looking Ahead
Towers, who also has an extensive background in the automotive industry, exclaimed his enthusiasm for this new acquisition. He envisions significant growth in the Harley-Davidson space as he integrates Historic Harley-Davidson into his expanding portfolio. His journey is inspiring, emphasizing how strategic acquisitions can shape the future in this industry.
Community Impact and Continuing Legacy
The sale signifies more than just a business transaction; it represents community involvement and the continuation of a legacy. As Towers plans to relocate Historic Harley-Davidson soon, he aims to build on the foundations laid by the Patterson family while simultaneously strengthening community ties.
As the community anticipates this transition, it looks forward to the growth and innovation that Towers brings with him. He expressed gratitude toward the Performance Brokerage Services team for their unwavering support throughout the buying process, reflecting a collaborative spirit that is integral to the dealership landscape.
Expert Insights into the Deal
Courtney Bernhard and Juan Pardo echoed similar sentiments about the transaction's challenges, emphasizing the importance of communication and patience during the entire process. They hope that Towers will flourish in his new role, reinforcing the solid foundation of accomplishments and community engagement initiated by the Patterson family.
Conclusion
The sale of Historic Harley-Davidson not only marks the end of an era for the Patterson family but signifies a new beginning for Steven Towers. As he embarks on this exciting chapter, the synergy created among the parties involved exemplifies the best of what the dealership community fosters—connections, trust, and a profound commitment to heritage and progress.
Frequently Asked Questions
1. Who facilitated the sale of Historic Harley-Davidson?
The sale was facilitated by Performance Brokerage Services, a leading dealership brokerage firm.
2. How long has Historic Harley-Davidson been in operation?
Historic Harley-Davidson has been in operation for 75 years, established in 1949 by Mike Patterson's grandfather.
3. What are Steven Towers' plans for the dealership?
Steven Towers plans to relocate the dealership within the next 12 months and aims to continue growing the Harley-Davidson footprint.
4. What is the background of Steven Towers?
Steven Towers has over ten years of experience in the automotive industry and previously operated a network of retail locations.
5. What distinguishes Performance Brokerage Services?
Performance Brokerage Services is known for its high volume of dealership transactions and a 90% closing rate, emphasizing ethical practices and customer service.
