Lewis Automotive Group Expands through GMC Acquisition
Performance Brokerage Services, a leading name in dealership buy-sell transactions, proudly announces a significant milestone in the automotive industry. The transaction features the sale of GMC of Dodge City, marking the shift from the G1 Group to the esteemed Lewis Automotive Group.
Background of the Acquisition
Lewis Automotive Group, under the leadership of Jamey Lewis-Gonzalez and Brad Lewis, is stepping into a new chapter with this acquisition. Performance Brokerage Services, which has established itself as North America's most successful dealership brokerage firm, facilitated this deal. Over the span of five years, the firm has orchestrated the sale of nearly 400 dealerships, solidifying its position at the forefront of the industry.
The Intent Behind the Transaction
With a robust portfolio that spans automotive sectors and beyond, the G1 Group, previously overseeing GMC of Dodge City, was oriented towards strategic growth. The transition to Lewis Automotive Group not only enhances their lineup but also aligns with their commitment to the local community. Paul Kechnie and Eric Scott, Senior and Partner at Performance Brokerage Services, acted as the brokering agents for this transaction.
Eric Scott expressed his enthusiasm for the partnership, noting, "Finding the ideal dealership for the Lewis family has been a rewarding journey. Building a solid relationship with Brad and Jamey laid the foundation for this successful and straightforward transaction. They're highly respected in their community, and I have no doubt they will continue to excel. This marks a pivotal point in their expansion strategy, and I look forward to further collaborations."
The Legacy of Lewis Automotive Group
The Lewis Automotive Group has storied roots that trace back to 1968 when Ralph Lewis opened a humble car lot in Topeka. His son, Jim Lewis, expanded the family affair into Dodge City, establishing a dealership that has become a cornerstone of the community. Today, the third generation of the Lewis family, comprising Brad, Jamey, and Jenna Lewis, leads the group with a vision for continued growth and community engagement.
Diverse Dealership Network
The Lewis Automotive Group is proud to represent multiple major brands, showcasing their versatility and commitment. Their operations include ten dealerships across the region, featuring brands like Toyota, Ford, Lincoln, Chevrolet, Cadillac, and others. This diverse range allows them to meet various consumer needs and preferences, establishing a solid reputation for excellence in service.
Brad Lewis noted the smooth process of working with Performance Brokerage Services, stating, "The collaboration with Eric was seamless. His consistent communication and responsiveness made the sale straightforward. The G1 Group was equally wonderful to work with, ensuring a positive experience for everyone involved. This acquisition propels us into a new era for our group and strengthens our community ties."
Future of the GMC Franchise
As part of this acquisition, the GMC franchise will be strategically relocated to the Lewis Automotive Group's Chevrolet dealership, situated at 900 South 2nd Avenue in Dodge City. This move will optimize operations under one roof, streamlining customer service and enhancing the overall dealership experience.
About Performance Brokerage Services
Performance Brokerage Services is recognized as North America's leading dealership brokerage firm, specializing in facilitating a variety of dealership transactions. Their impressive track record boasts over 900 dealerships sold and a remarkable closing rate, highlighting their expertise in the automotive sector.
Headquartered in Irvine, California, and supported by twelve regional offices across the U.S. and Canada, the firm employs a unique approach by providing complimentary value estimates without any upfront costs. They pride themselves on a professional network consisting of industry-related attorneys, accountants, and a vast pool of potential buyers.
This commitment to ethical practices and integrity sets them apart as trusted experts within the automotive dealership brokerage field.
Frequently Asked Questions
What was the recent acquisition announced?
The recent acquisition involves the sale of GMC of Dodge City from the G1 Group to Lewis Automotive Group, facilitated by Performance Brokerage Services.
Who is leading Lewis Automotive Group?
The group is led by Jamey Lewis-Gonzalez and Brad Lewis, members of the third generation of the family-operated business.
How many dealerships does Lewis Automotive Group manage?
Lewis Automotive Group currently operates ten dealerships across the region, representing various automobile brands.
What are the advantages of this acquisition?
The acquisition allows for a unified operation of the GMC franchise under the Chevrolet dealership, thereby enhancing service quality and community outreach.
What distinguishes Performance Brokerage Services?
Performance Brokerage Services is noted for its high volume of dealership sales and a strong ethical framework, offering unique brokerage services without upfront fees.
