Legacy Hand-Off: McGee Family Sells to Harwood Auto Group

McGee Family Passes the Torch to Harwood Auto Group

After decades of dedicated service in the automotive industry, the McGee family has made a significant decision to transfer their dealership, Jack McGee Chevrolet Buick GMC Cadillac, to Harwood Auto Group. This change not only marks the end of a remarkable era for the McGee family but also the beginning of a new chapter for the dealership. With the guidance of an experienced professional, the transition has been made seamless and respectful of their longstanding legacy in the community.

Foundation of Jack McGee Chevrolet Buick GMC Cadillac

Jack McGee Chevrolet Buick GMC Cadillac was established in 1963 by Jack McGee himself, quickly becoming a trusted name in automotive sales and services. The dealership's prominence grew steadily, leading to its relocation in 1965 to its well-known site at the corner of Clonsilla Avenue and Goodfellow Road. This location became a hub for car enthusiasts and families in the community, showcasing the dedication of the McGee family to quality service and customer satisfaction.

A Legacy of Family Values

Over the years, the baton was passed to Jack's sons, David and J.R. McGee, who have upheld their father’s legacy with strong principles and deep-rooted values. Their commitment to providing top-notch service has made the dealership a cornerstone in the area, known for its integrity and community involvement.

The Decision to Sell

Deciding to sell a family-operated dealership like Jack McGee Chevrolet Buick GMC Cadillac is a profound and intricate decision. David and J.R. McGee approached this transition with careful consideration and sought the expertise of Rob Armstrong from Performance Brokerage Services. His insight and dedication proved beneficial in the complex process of the sale.

Appreciation for Professional Guidance

In reflecting on the experience, J.R. McGee expressed gratitude for Rob Armstrong’s professionalism, stating, "Rob has been not only a dedicated broker but also a friend through this process." David McGee echoed these sentiments, highlighting the importance of Armstrong's patient and knowledgeable approach. They noted that this sale was not only a business move but also a deeply personal one that required trust and a strong rapport with their advisor.

Performance Brokerage Services: A Trusted Partner

Performance Brokerage Services has assisted in the sale of nearly 400 dealerships over the past five years, fostering relationships built on confidentiality and ethical representation. Rob Armstrong, a Senior Partner at the company's Canadian headquarters, emphasized that handling a transition of such magnitude is not merely a transaction; it's a significant part of a family's legacy.

New Beginnings with Harwood Auto Group

The new owners, Harwood Auto Group, led by Bill Campbell, Rory Campbell, and Curtis Clifford, are well-established within the industry, managing multiple locations across the region. Their portfolio features brands such as Chevrolet, Buick, GMC, and Cadillac. Rory Campbell, on behalf of the Harwood team, thanked Rob Armstrong for ensuring a smooth transition, reflecting their appreciation of David and J.R. McGee’s trust placed in them.

Continued Operations and Future Plans

The dealership will maintain its operations at its existing location in Peterborough, ensuring that the McGee family's commitment to quality service continues under its new ownership. This transition opens the door for fresh ideas and growth while honoring the legacy of the McGee family.

Advice for Other Dealers

As the automotive landscape evolves, dealerships across the nation considering a sale are encouraged to seek out the expertise of Performance Brokerage Services for confidential and no-obligation valuations. Their hands-on support and industry knowledge place them at the forefront of dealership brokerage.

About Performance Brokerage Services

Performance Brokerage Services is recognized as North America's leading dealership brokerage firm, specializing in buy-sell transactions for various kinds of dealerships. With over three decades in the sector, their exceptional track record includes the sale of 900 dealerships with a remarkable closing rate of 90%. Their commitment to ethical practices and integrity has solidified their position as trusted experts in the field.

Frequently Asked Questions

What led to the decision to sell Jack McGee Chevrolet Buick GMC Cadillac?

David and J.R. McGee decided to sell their family-operated dealership as part of a thoughtful transition that was guided by Rob Armstrong from Performance Brokerage Services.

Who is the new owner of the dealership?

The new owner is Harwood Auto Group, known for managing multiple automotive locations and representing well-known brands.

Where is the dealership located now?

Jack McGee Chevrolet Buick GMC Cadillac continues operations at 1053 Clonsilla Avenue in Peterborough, Ontario.

What services does Performance Brokerage Services offer?

Performance Brokerage Services specializes in assisting with dealership sales and provides complimentary valuations without upfront fees.

Why is the transition significant for the McGee family?

This transition is significant as it represents the end of a 60-year legacy for the McGee family, moving into a new era while ensuring their values continue.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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