Performance Brokerage Services Completes Major Deal
Performance Brokerage Services, a leader in dealership buy-sell activity, proudly announces the recent sale of Palmdale Kia. The transaction involves a significant move from the prominent Nouri/Shaver Automotive Group to Trust Auto Group, showcasing the dynamic landscape of automotive dealership transactions.
Nouri/Shaver Automotive Group's Profile
The Nouri/Shaver Automotive Group, owned by Bob Nouri and Pete Shaver, also includes CEO Armina Mgerian. This active group operates 16 franchised dealerships across two states. They secured position #40 on the Automotive News Top 150 Dealership Groups list for their impressive 2024 new-vehicle sales, generating over $2 billion in revenue and employing over 2,000 professionals.
Insights from Bob Nouri
Following the transaction, Bob Nouri expressed his gratitude towards Jason Stopnitzky of Performance Brokerage Services. He said, "I'm incredibly thankful for Jason's pivotal role in selling one of our dealerships, which wasn't even offered for sale. His integrity and commitment to transparency made the process seamless and enjoyable. In an industry filled with many great professionals, Jason stands out. Thank you for your remarkable impact!" His words reflect the high standards and values upheld by both Nouri/Shaver Automotive Group and Performance Brokerage Services.
Performance Brokerage Services' Achievements
Over the past five years, Performance Brokerage Services has brokered nearly 400 dealership sales, cementing its position as North America's highest volume dealership brokerage firm. Co-Founder Jason Stopnitzky, alongside Co-Owner Jesse Stopnitzky, took on the critical role as lead advisors for this transaction. Jason also shared his appreciation for the ongoing trust and partnership with the Nouri/Shaver Automotive Group, a true testament to their longstanding relationship.
Continued Collaboration
Jason further remarked on his partnership with Trust Auto Group and its President, Edgar Castellanos, during the acquisition of Palmdale Kia. He noted how both parties collaborated seamlessly, emphasizing that this could set an industry benchmark for cooperative transactions.
Trust Auto Group Background
Trust Auto Group is a locally owned dealership group with numerous locations, offering renowned brands such as Honda, Subaru, Kia, and Lotus across different regions. They have built a reliable reputation for quality service and customer satisfaction.
Edgar Castellanos’ Praise
President of Trust Auto Group, Edgar Castellanos, praised the professionalism exhibited throughout the transaction, stating, "Working with Jason Stopnitzky has been a rewarding experience. From the start to the end of the purchase process, his diligence ensured everything was smooth and manageable. I look forward to our continued partnership!" This commitment to excellence is a hallmark of Trust Auto Group’s philosophy.
Future of Palmdale Kia
Palmdale Kia will now become Trust Kia of Palmdale and will maintain its current location. This transition signifies Trust Auto Group's commitment to uphold the legacy of Palmdale Kia while continuing to serve the local community with integrity and professionalism.
About Performance Brokerage Services
Performance Brokerage Services, Inc. stands as North America’s foremost dealership brokerage firm with 30 years of experience in the automotive industry. They specialize in buy-sell activities across various dealership types, having successfully facilitated over 900 dealership transactions with a remarkable 90% closing rate.
Client-Focused Strategies
The company's business model includes offering complimentary evaluations without upfront fees, ensuring no costs are incurred before successful transactions are completed. Their extensive network includes industry-related attorneys, accountants, and many registered buyers, ensuring each client's needs are effectively met.
Commitment to Ethical Standards
Grounded in ethical conduct and integrity, Performance Brokerage Services operates from Irvine, California, with 12 regional offices providing national exposure while maintaining local representation, which gives their clients a competitive edge.
Frequently Asked Questions
What was the recent sale involving Performance Brokerage Services?
Performance Brokerage Services recently facilitated the sale of Palmdale Kia, transferring ownership from Nouri/Shaver Automotive Group to Trust Auto Group.
Who are the key people involved in the Nouri/Shaver Automotive Group?
The Nouri/Shaver Automotive Group is led by Bob Nouri, Pete Shaver, and CEO Armina Mgerian.
What reputation does Performance Brokerage Services hold in the industry?
Performance Brokerage Services is recognized as North America's leading dealership brokerage firm with a high closing rate and extensive experience in the market.
What changes will occur for Palmdale Kia after the sale?
Palmdale Kia will be renamed Trust Kia of Palmdale and will continue operations at its existing location.
What does Trust Auto Group specialize in?
Trust Auto Group operates multiple dealership locations representing well-known car brands, ensuring quality service and customer satisfaction across their offerings.
