Strategic Dealings: Key Acquisition of Kia Dealership Announced
Performance Brokerage Services Facilitates Major Deal
Performance Brokerage Services, a leader in the automotive dealership buy-sell market, has successfully facilitated the sale of a notable dealership, the Kia of Key West, to the Warren Henry Auto Group. This transition highlights an important strategic move within the automotive industry, shortly after it was acquired from the Liechty Auto Group.
What Makes This Acquisition Significant?
This acquisition stands as a pivotal moment for the new owner, Warren Henry Auto Group, which has established a robust network of dealerships across various locations. The foundation of this deal was built on the extensive experience and professionalism of George C. Chaconas, a senior partner at Performance Brokerage Services. Known for his expertise in dealership transactions, Chaconas played an integral role in identifying the value and negotiating terms effectively. His professionalism and negotiation skills were particularly emphasized by Jesse Liechty, the former owner.
The Legacy of the Liechty Auto Group
The Liechty Auto Group has gained respect for its operational excellence across several dealerships representing brands like Ford, Chrysler, and Jeep. Located in different regions, including Alabama and Georgia, the group also operated a marine dealership in a nearby state. Jesse Liechty commented on the proficient manner Chaconas handled the sale, expressing confidence in the partnership formed with Warren Henry Auto Group.
Warren Henry Auto Group's Vision for Growth
Founded in 1976, Warren Henry Auto Group's acquisition of the Kia dealership aligns perfectly with their growth ambitions. Eric Day, the Chief Financial Officer of Warren Henry Auto Group, conveyed that this deal reflects their dedication to providing outstanding service in the Florida Keys. Their commitment to excellence is evidenced by numerous accolades, including the J.D. Power Dealer of Excellence Award for multiple consecutive years.
Reflecting on Successful Negotiations
Both parties appreciated the diligent efforts involved in the transaction. Eric Day remarked on the transparent communication and thorough negotiations led by Chaconas, ensuring a smooth process from initial discussions to finalizing the sale. With over 300 dealerships sold in the past five years, Performance Brokerage Services has solidified its reputation as a leading dealership brokerage firm across North America.
Future Developments for Kia of Key West
The Kia of Key West will continue operations at its existing location while plans for a new, state-of-the-art auto mall are underway. This strategic investment promises a larger offering of services and conveniences for prospective car buyers in the region.
Performance Brokerage Services: A Trusted Advisor
Performance Brokerage Services offers a fresh perspective and unique approach to dealership transactions. With a client-first methodology, they provide complimentary evaluations without upfront commitments. This model fosters a relationship built on trust and integrity between the firm and its clients. Based in Irvine, California, their reach extends across various states, ensuring a blend of national exposure and local service.
On a wider scale, the company’s extensive network, thriving on relationships with industry lawyers and accountants, ensures that every transaction runs smoothly and achieves maximum client satisfaction.
Frequently Asked Questions
What prompted the sale of Kia of Key West?
The sale was part of The Liechty Auto Group’s strategy to transition ownership to a capable dealer group that aligns with their goals.
Who facilitated the sale of Kia of Key West?
The sale was facilitated by George C. Chaconas of Performance Brokerage Services, who is well-regarded in the dealership brokerage field.
What is Warren Henry Auto Group known for?
Warren Henry Auto Group is recognized for its commitment to quality and excellence across its network of dealerships in Florida.
How many dealerships has Performance Brokerage Services sold?
Performance Brokerage Services has sold over 300 dealerships, reinforcing its status as a top brokerage in North America.
What are the future plans for the Kia dealership?
The Kia dealership will remain in its current location until the development of a new, modern auto mall is completed.
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