Strategic Acquisition: Hawkeye Harley-Davidson Joins Junge Group
Hawkeye Harley-Davidson's Transition to Junge Automotive Group
Performance Brokerage Services has made a significant mark in the automotive dealership landscape by facilitating the sale of Hawkeye Harley-Davidson. This transaction highlights the exciting changes coming to the renowned motorcycle dealership as it shifts ownership from Mike and Pat McGrath to Junge Automotive Group.
Performance Brokerage Services: Leaders in Dealership Sales
Performance Brokerage Services is celebrated as North America’s leading dealership brokerage firm, and this transaction is a testament to their expertise. With an impressive track record of nearly 400 dealerships sold over the past five years, they have rightfully earned their reputation as the highest volume dealership broker in the region. George C. Chaconas, a prominent Senior Partner, along with Courtney A. Bernhard, a Partner for the Harley-Davidson & Powersports Division, played essential roles as exclusive sell-side advisors in this deal.
Hawkeye Harley-Davidson: A Rich History in the Community
Initially acquired in 2013, Hawkeye Harley-Davidson is the first motorcycle dealership to become part of the McGrath portfolio. The dealership boasts a sprawling 46,283 square-foot facility that features an expansive showroom, a dedicated drive-in service center, climate-controlled storage options, and a Harley Owners Group (HOG) chapter room. The design conveys local pride through its unique aesthetics, highlighted by references to the University of Iowa's Hawkeyes and Kinnick Stadium.
Junge Automotive Group's Bright Future
Junge Automotive Group, a family-owned dealership enterprise, is known for its commitment to serving the automotive needs of Eastern Iowa. With existing locations in Hiawatha and North Liberty, the acquisition of Hawkeye Harley-Davidson marks a significant expansion of their portfolio, introducing motorcycles into their diverse range of offerings.
Renaming and Current Location
The dealership will undergo a naming transformation to Junge Iowa City Harley-Davidson but will remain at its current facility, ensuring continuity for its loyal customer base and community.
About Performance Brokerage Services
Performance Brokerage Services, Inc. stands as the foremost dealership brokerage firm in North America, dedicated to facilitating buy-sell transactions across various dealership sectors, including automotive, RV, powersports, commercial trucks, and more.
With over 30 years of experience, the firm has successfully closed deals for 900 dealerships, maintaining a remarkable 90% closing rate. Their approach, characterized by ethical conduct and unparalleled integrity, sets them apart in the industry.
The company is also known for providing complimentary valuations without requiring upfront fees or retainer, charging a success fee only after closing a transaction.
With headquarters in Irvine, California, and a widespread network of 12 regional offices across the United States and Canada, Performance Brokerage Services offers clients national visibility paired with personal local representation. Their distinguished reputation is supported by a robust network of industry-specific attorneys, accountants, and hundreds of registered buyers, along with long-standing connections with numerous vehicle manufacturers.
Frequently Asked Questions
Who acquired Hawkeye Harley-Davidson?
Hawkeye Harley-Davidson was acquired by Junge Automotive Group.
What role did Performance Brokerage Services play in this sale?
Performance Brokerage Services acted as the exclusive sell-side advisors for the transaction.
What is the new name of Hawkeye Harley-Davidson?
It will be renamed Junge Iowa City Harley-Davidson.
What distinguishes Performance Brokerage Services?
The firm is known for its high closing rate and ethical business practices in dealership brokerage.
Where is Performance Brokerage Services headquartered?
They are headquartered in Irvine, California, with twelve offices throughout the U.S. and Canada.
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