Performance Brokerage Announces Major Deal
Performance Brokerage Services, a leading name in dealership buy-sell activities, has successfully announced the sale of Hawkeye Harley-Davidson. Originally part of the McGrath dealership portfolio, this sale marks an important transaction in the motorcycle dealership landscape.
Details of the Transaction
The acquisition involved the transfer of ownership from the McGrath family to Junge Automotive Group. This transition allows Junge Automotive to expand its offerings in the motorcycle sector.
About Hawkeye Harley-Davidson
Hawkeye Harley-Davidson first entered the McGrath dealership portfolio in 2013 and has been a key player in the motorcycle market. Spanning over 46,000 square feet, the facility is equipped with a spacious showroom, a service center for maintenance, and community rooms for the Harley Owners Group (HOG).
Performance Brokerage Services' Role
Over the past five years, Performance Brokerage Services has overseen nearly 400 dealership sales, establishing itself as North America's top dealership brokerage firm. The company's expertise was instrumental in facilitating this transaction, driven by the dedication of George C. Chaconas and Courtney A. Bernhard, who served as the exclusive advisors for this sale.
About Junge Automotive Group
Junge Automotive Group, a reputable family-owned dealership, serves regions in Eastern Iowa. With its acquisition of Hawkeye Harley-Davidson, it seeks to diversify its portfolio and enhance its market presence.
Future of Hawkeye Harley-Davidson
In its new ownership structure, Hawkeye Harley-Davidson is set to be rebranded as Junge Iowa City Harley-Davidson, while it will continue operating at its existing location. This move signals a new chapter in the shop's history while maintaining its local charm.
Insights on Performance Brokerage Services
Performance Brokerage Services stands out for its innovative strategies. The firm specializes in various dealership types, including automotive, RVs, and powersports. With over 30 years of experience and a remarkable closing rate, the company has established itself as a trustworthy partner in dealership transactions. Their distinctive model eliminates upfront fees, charging only upon successful sale closure.
Headquarters and Regional Impact
Headquartered in Irvine, California, Performance Brokerage Services is supported by 12 regional offices across the United States and Canada. This extensive reach ensures clients benefit from both local representation and national visibility.
Contact Information
For further inquiries, the media contact for Performance Brokerage Services is Jesse Stopnitzky, Co-Owner. He can be reached at (949) 309-2851. For email correspondence, you can contact him at jesse@performancebrokerageservices.com.
Frequently Asked Questions
What is the significance of this sale?
This sale enables Junge Automotive Group to expand its offerings by adding a motorcycle dealership to its portfolio.
Who were the advisors involved in this transaction?
George C. Chaconas and Courtney A. Bernhard from Performance Brokerage Services acted as the exclusive sell-side advisors for the deal.
What can you tell us about Hawkeye Harley-Davidson?
Hawkeye Harley-Davidson has been operating since 2013 and hosts community events for Harley owners, with a facility designed to reflect local culture.
What is the new name for Hawkeye Harley-Davidson?
The dealership will be rebranded as Junge Iowa City Harley-Davidson under the new ownership.
How many dealerships has Performance Brokerage Services sold?
Performance Brokerage Services has facilitated nearly 400 dealership sales, showcasing their prowess in the industry.
