Performance Brokerage Services Facilitates Sale of a Key Harley-Davidson Dealership
Performance Brokerage Services has proudly announced the sale of McGrath Quad Cities Harley-Davidson. The transaction involved the transfer of ownership from Mike and Pat McGrath to Steven Towers, marking an essential step for both parties.
A Look into McGrath Quad Cities Harley-Davidson
McGrath Quad Cities Harley-Davidson, acquired in 2018, is a significant asset within the McGrath dealership portfolio. This impressive 19,611 square-foot dealership, situated on roughly 1.6 acres, is conveniently located near Interstate 80, benefiting from a bustling retail environment. The dealership underwent substantial renovations in 2019 to improve customer service and operational efficiency, showcasing a commitment to providing an exceptional experience for Harley-Davidson enthusiasts.
George C. Chaconas and His Team's Expertise
In the past five years, Performance Brokerage Services has led the sale of nearly 400 dealerships, solidifying its position as North America's top dealership brokerage firm. Key figures in this process, including George C. Chaconas, Senior Partner, Courtney A. Bernhard, Partner, and Juan C. Pardo, Partner of the Harley-Davidson & Powersports Division, played a vital role as exclusive sell-side advisors in this transaction.
Reflections on the Sale
George Chaconas expressed his gratitude for the opportunity to represent the McGrath family throughout this journey. He noted, "It has been an honor to work with Mike and Pat McGrath during this process, reflecting the strong partnership we've built over the years."
Steven Towers and His Ambitions in the Industry
With over ten years of experience in the automotive sector, Steven Towers is also a dedicated Harley-Davidson rider. His journey into the Harley-Davidson family began in 2023 when he acquired Boneyard Harley-Davidson, followed by several successful acquisitions, including the notable Frontier Harley-Davidson and Historic Harley-Davidson.
Looking Forward
Steven Towers expressed his excitement about integrating Quad Cities into his growing dealership family, asserting, "This marks an essential addition as we continue to expand the Harley-Davidson brand throughout the Midwest. With collaboration from Performance Brokerage Services, I look forward to a promising future for Towers Harley-Davidson and the communities we serve." This sale represents Towers' sixth acquisition through the brokerage firm.
Future Plans for the Dealership
The dealership will be rebranded as Towers Quad Cities Harley-Davidson but will continue operating at its established location. This change marks a new chapter in its operation, and clients will still enjoy the familiar services they've come to appreciate.
About Performance Brokerage Services
Performance Brokerage Services is North America's top dealership brokerage firm, specializing in buy-sell activities across various sectors including automotive, RV, and powersports dealerships. With over 30 years of experience and a remarkable closing rate of 90%, the firm's reputation is built on ethical practices and unwavering integrity.
They offer complimentary estimates of value with no upfront fees, providing a unique and accessible approach to dealership transactions. Their nationwide presence, supported by 12 regional offices across the U.S. and Canada, allows them to deliver comprehensive services to their clients.
Frequently Asked Questions
What was the significance of the sale of McGrath Quad Cities Harley-Davidson?
This sale represents a crucial transaction in the Harley-Davidson network, highlighting the growth and expansion of dealership ownership in the Midwest.
Who were the advisors involved in the transaction?
George C. Chaconas, Courtney A. Bernhard, and Juan C. Pardo from Performance Brokerage Services served as the key advisors for the sale.
Why has Performance Brokerage Services become a leader in dealership sales?
With their extensive experience and track record of nearly 400 dealership sales, Performance Brokerage Services has established itself as a trusted leader in the field.
What does the rebranding of McGrath Quad Cities entail?
The dealership will be renamed Towers Quad Cities Harley-Davidson while maintaining its original location and continuing the traditions established by the McGrath family.
How does Performance Brokerage Services support its clients?
The firm offers complimentary estimates, a high closing rate, and a network of industry contacts to facilitate a seamless transaction experience.
