Performance Brokerage Services Facilitates Infiniti Sale
Performance Brokerage Services, recognized as a leader in dealership buy-sell activity, is pleased to announce a significant transaction involving Infiniti of Melbourne. Recently, they managed the sale from Kelly Auto Group to Jaime Vergara, marking an important chapter for both parties.
Transforming the Dealership Landscape
Kelly Auto Group's engagement with Infiniti of Melbourne began back in 2019. Under their ownership, the dealership underwent a tactical relocation to a high-traffic area, which was completed in September 2020. This strategic move next to a bustling Toyota dealership not only improved visibility but also accessibility for potential customers. During this period, extensive upgrades were made to the site, including substantial investments in paving and underground water retention systems.
Kelly Auto Group's Expansion
Beyond just one dealership, Kelly Auto Group encompasses a network of seven dealerships across multiple brands, including Toyota, Hyundai, and Nissan. Their footprint extends into Florida and Pennsylvania, highlighting their commitment to growth and quality service. President of Kelly Auto Group, Greg Kelly, has noted considerable expansion in their portfolio, with the acquisition of new stores supplementing their capabilities.
Key Insights from the Sale Process
Between 2021 and 2024, Kelly Auto Group made notable acquisitions, diversifying their business portfolio. Greg Kelly lauded the role of George C. Chaconas from Performance Brokerage Services in aiding the transaction, stating that the support from Chaconas and his team was instrumental in achieving a successful agreement.
The Strategic Match
George C. Chaconas played an essential role as the exclusive sell-side advisor for this deal. His insight into the automotive market allowed him to connect Kelly Auto Group with Jaime Vergara, who was actively seeking to purchase a dealership to enter the Orlando market. The relationship established years prior at a National Association of Minority Automobile Dealers (NAMAD) conference illustrated the importance of networking in the automotive sector.
Looking Ahead
As part of the transaction, Infiniti of Melbourne will continue to operate from its established location, ensuring continuity for customers and stakeholders. With both Kelly Auto Group and Jaime Vergara committed to their respective ventures in the automotive industry, the future looks promising. As Chaconas reflected, helping Jaime with his first store in Florida marks just the beginning of new opportunities.
Performance Brokerage Services: Industry Leaders
Performance Brokerage Services is recognized for its exceptional track record in the dealership brokerage market. With over three decades of experience and a substantial portfolio comprising more than 900 dealerships, they boast an impressive closing rate of 90%. The firm is dedicated to ethical practices, ensuring clients receive comprehensive support throughout each transaction.
Frequently Asked Questions
What was the recent sale announced by Performance Brokerage Services?
The recent sale involves Infiniti of Melbourne, which was sold by Kelly Auto Group to Jaime Vergara.
How did Kelly Auto Group enhance the Infiniti dealership?
Kelly Auto Group relocated the dealership to a high-traffic area and invested millions in upgrades, enhancing visibility and customer access.
Who was the advisor for this dealership sale?
George C. Chaconas from Performance Brokerage Services served as the exclusive sell-side advisor for the transaction.
What is Performance Brokerage Services known for?
They are North America's highest volume dealership brokerage firm, specializing in buy-sell activities for various types of dealerships.
Where will Infiniti of Melbourne continue to operate?
Infiniti of Melbourne will remain at its current location at 100 North Harbor City Boulevard.
