Don Franklin Auto Group Expands with Martin Kia Acquisition
Performance Brokerage Services, a leading firm in dealership buy-sell transactions, is excited to share the news of the acquisition of Martin Kia by Don Franklin Auto Group. This strategic move strengthens Don Franklin Auto Group's presence in the automotive market, marking a significant milestone in their expansion.
A Legacy of Growth and Adaptation
The foundation of Martin Management Group was laid in the mid-80s by Cornelius A. Martin, who kickstarted his journey by purchasing his first dealership, establishing a strong foothold in the automotive industry. Known for his dedication and passion, Cornelius transformed from a lot technician to a prominent figure in the dealership landscape.
The growth trajectory of Martin Management Group continued through the years, especially during the 90s and 2000s. They expanded their dealership portfolio significantly by adding various franchises, including six Saturn dealerships, and even ventured into the motorcycle industry with the addition of a Harley-Davidson dealership. During challenging economic times, they diversified by embracing new dealership franchises, ensuring a robust presence in both domestic and import vehicle markets.
Second Generation Leadership
After the passing of Cornelius, leadership transitioned to the next generation. His wife, Gail Martin, has taken the helm as Chief Executive Officer, while their son, Chadwick Martin, has stepped into the role of President. Under their guidance, the company has flourished, now operating over 15 dealerships and employing more than 450 professionals across several states. The firm proudly stands at #122 on the Automotive News Top 150 Dealership Groups for the most recent reporting period, showcasing their commitment to excellence in new vehicle retail sales.
Performance Brokerage Services: A Trusted Ally
Over the past five years, Performance Brokerage Services has played a pivotal role in facilitating nearly 400 dealership sales, which illustrates their position as the top dealership brokerage firm in North America. Senior Partner Paul Kechnie, along with Partners Mark Shackelford, Sr. and Mark Shackelford, Jr., were instrumental in guiding Don Franklin Auto Group through this transaction.
Mark Shackelford, Sr. remarked, "Our collaboration with Eddie Franklin spanned over two years, and we were thrilled to assist in the acquisition of Martin Kia. Eddie’s enthusiasm and expertise made him an ideal partner as we worked together to finalize this exciting addition to his group. We extend our best wishes to Eddie and his family as they embark on this new journey!"
Don Franklin Auto Group: A Family Legacy
Founded in 1968 by a self-taught mechanic named Don Franklin, the dealership has come a long way from its humble beginnings. With unwavering support from his family, they invested everything in opening Don’s Used Cars. Through perseverance, dedication, and a strong family-oriented approach, the Franklins have expanded their business into an impressive network of over 25 dealerships, creating job opportunities for more than 1,000 families across the region.
Martin Kia has now transitioned to its new identity as Don Franklin Bowling Green Kia, maintaining its original location, and ensuring continuity for the loyal customer base.
About Performance Brokerage Services
Performance Brokerage Services, Inc. holds its rank as North America's top dealership brokerage firm specializing in automotive, RV, commercial truck, powersports, and equipment dealership transactions. Backed by over 30 years of industry experience, the firm boasts an impressive record of selling 900 dealerships with a 90% closing rate, exemplifying their dedication to ethical practices and integrity.
The company distinguishes itself by offering complimentary value estimates with no upfront costs or retainers, receiving a success fee only after completing the transaction, making them a preferred choice in the industry. With headquarters in Irvine, California, the firm operates 12 regional offices across the United States and Canada, offering clients a blend of national reach and local expertise.
In an environment where trust and expertise are paramount, Performance Brokerage Services partners with a vast network of industry professionals, including attorneys and accountants, as well as hundreds of registered buyers.
Frequently Asked Questions
What recent acquisition involves Don Franklin Auto Group?
Don Franklin Auto Group has acquired Martin Kia, enhancing their dealership network.
What is the history of Martin Management Group?
Founded by Cornelius A. Martin in 1985, the company grew from a single dealership to over 15 locations, adapting through economic changes.
How has Performance Brokerage Services impacted dealership sales?
They have facilitated nearly 400 dealership transactions in the past five years, solidifying their top broker status in North America.
Who are the key players in the recent acquisition?
Performance Brokerage Services Representatives Paul Kechnie, Mark Shackelford, Sr., and Mark Shackelford, Jr. were the advisors in this deal.
What is the new name of Martin Kia?
Martin Kia will be renamed Don Franklin Bowling Green Kia.
