Performance Brokerage Services Finalizes Deal for Phillips Hyundai
Performance Brokerage Services Finalizes Deal for Phillips Hyundai
Performance Brokerage Services has recently announced a significant transaction involving the sale of Phillips Hyundai of Bradley from Phillips Auto Group to Patriot Motors. This move highlights the growing trends and dynamics within the automotive dealership space.
Overview of the Transaction
The acquisition of Phillips Hyundai represents an essential step for both parties involved. Performance Brokerage Services, recognized as North America's leading dealership brokerage firm, facilitated this sale, showcasing their ability to connect dealerships with potential buyers effectively.
Phillips Hyundai of Bradley has been recognized not just as a dealership, but as a vital part of the community it serves. Under this new ownership, there is potential for revitalized growth and continued community engagement as Patriot Motors steps in to rebrand the dealership.
The Legacy of Phillips Auto Group
Founded in 1968 by Phillip Pascarella, Phillips Auto Group began its journey with a single Chevrolet dealership. With the leadership of his son, Curtis Pascarella, in 1994, the dealership expanded significantly, establishing Phillips Chevrolet of Lansing in 2013 and eventually Phillips Hyundai of Bradley in 2017. What commenced as a modest operation with twelve employees has blossomed into a thriving business with multiple locations and over 300 employees.
Patriot Motors: A Growing Family Business
Patriot Motors, led by President Shawn Kohli, has become a notable player in the automotive market. With nine locations spread across several states, the company represents a variety of manufacturers, including Toyota, Ford, Honda, and Hyundai, among others. This expansion signifies the ambition of family-run businesses to grow and meet the evolving needs of customers.
The Support from Performance Brokerage Services
Performance Brokerage Services has a commendable track record, advising on nearly 400 dealership sales in the last five years alone. This accomplishment demonstrates their extensive expertise and success in facilitating dealership transactions. Key partners such as Paul Kechnie, Emily Bourne, and Matt Willis guided the transaction, highlighting their commitment to client satisfaction and their strategic approach to selling dealerships.
Community Impact of Patriot Motors
In addition to expanding their dealership portfolio, Patriot Motors is dedicated to making a difference. As a proud partner of Mothers Against Drunk Driving (MADD), the company has actively contributed to local initiatives, raising substantial funds to support their mission of preventing drunk driving and saving lives.
Shawn Kohli expressed appreciation for the collaboration with Performance Brokerage Services, particularly noting the professionalism and dedication shown throughout the sales process. Such relationships foster growth and encourage community service, spotlighting the human side of business within the automotive industry.
Future of Phillips Hyundai
With the transition, Phillips Hyundai of Bradley is set to be rebranded as Patriot Hyundai of Bradley. This change will entail relocating to William R. Latham Senior Drive, symbolizing a fresh start and new chapter for the dealership, eager to continue serving its community.
About Performance Brokerage Services
Performance Brokerage Services, founded over 30 years ago, serves as North America's top dealership brokerage firm, focusing on buy-sell activities for automotive, RV, and equipment dealerships. Their extensive experience, remarkable closure rates, and ethical practices set them apart in a competitive market.
Offering complimentary valuations with no upfront fees demonstrates their commitment to facilitating successful transactions, positioning themselves as trusted advisors in the automotive sector. Their headquarters in Irvine, California, along with regional offices across the United States and Canada, ensure that clients receive personal and professional services tailored to their needs.
Frequently Asked Questions
What is the significance of the sale of Phillips Hyundai?
The sale signifies a transition in dealership ownership, aiming for growth and better service under new management.
Who are the key players in this transaction?
Performance Brokerage Services facilitated the sale, with key figures including Paul Kechnie, Emily Bourne, and Matt Willis representing the brokerage.
What is the community involvement of Patriot Motors?
Patriot Motors actively contributes to local initiatives, including fundraising for organizations like MADD to prevent drunk driving.
How long has Performance Brokerage Services been in business?
Performance Brokerage Services has been operating for over 30 years, specializing in dealership transactions across various sectors.
What changes can customers expect at Patriot Hyundai of Bradley?
Customers can anticipate renewed service and community engagement, following the rebranding and transition to new management.
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