Performance Brokerage Services Succeeds in a New Deal
Performance Brokerage Services, a leader in dealership buy-sell activity, has successfully facilitated the sale of the Louisburg Garage from the Timmerman family to Chad Richardson. This transaction highlights the firm’s reputation and strength in the automotive dealership market.
The Timmerman Family Legacy
Established in 1939 by Ervin Timmerman, Louisburg Garage has a rich heritage as a family-owned dealership. Over the decades, it has nurtured strong customer loyalty and community ties, particularly after securing the Chrysler Dodge Jeep Ram franchise in 1992. Leadership transitioned to Ervin's sons, Floyd and Mike Timmerman, in 1977, and Mike continued their legacy following Floyd's passing in 2018. The Timmerman family has ensured that the dealership remained a pivotal part of the community.
Client Experience with Performance Brokerage Services
After the transaction, Carrie Lory, a family member, expressed gratitude towards the professional and responsive team at Performance Brokerage Services, stating their invaluable role in handling the sale of their long-standing family business. This reflects the firm’s commitment to customer satisfaction and professionalism in every transaction.
Impact of the Sale
In the past five years, Performance Brokerage Services has facilitated the sale of nearly 400 dealerships, confirming its status as the highest volume dealership brokerage firm in North America. Senior Partner Paul Kechnie, along with Partners Matt Willis and Emily Bourne, were the key advisors for the Timmerman family during this sale.
The Process Behind the Sale
Matt Willis noted how rewarding it was to assist the Timmerman family in transitioning their business to Chad Richardson, emphasizing the dealership’s significance to the community. Emily Bourne echoed this sentiment, explaining that the sale process aimed to respect the dealership's heritage while ensuring a seamless transition.
Chad Richardson's New Venture
Chad Richardson is expanding his dealership portfolio with the acquisition of Louisburg Garage. This addition aligns perfectly with his existing franchises of Buick, Cadillac, GMC, and Honda in Dubuque, further diversifying his business offerings.
Endorsements from New Ownership
Chad Richardson lauded the diligent efforts of Matt Willis and Emily Bourne, stressing the smooth experience he had during the acquisition process. He recommended Performance Brokerage Services to anyone interested in buying or selling a dealership, signifying their trusted status in the industry.
Continuous Commitment to Excellence
After the sale, the dealership will be renamed Richardson Motors Wisconsin, Inc., maintaining operations at its established location. This change signals a new chapter while continuing the dealership's legacy.
About Performance Brokerage Services
Performance Brokerage Services, Inc. stands as North America’s leading dealership brokerage firm, specializing in the automotive sector. With over 30 years of experience and a proven track record of 900 dealerships sold, the firm boasts a high closing rate and is known for its ethical practices.
They provide complimentary value estimates prior to any transaction, showcasing their unique business model that emphasizes success through partnership, requiring fees only upon closing a deal.
Based in Irvine, California, and supported by numerous regional offices, Performance Brokerage Services effectively combines local representation with national outreach, ensuring that clients receive expert assistance tailored to their needs.
Frequently Asked Questions
What is the significance of the sale of Louisburg Garage?
The sale highlights the importance of legacy businesses in the community and the role of brokerage firms in facilitating seamless transitions.
Who were the key people involved in this transaction?
Paul Kechnie, Matt Willis, and Emily Bourne from Performance Brokerage Services played critical roles as the exclusive advisors throughout the sale.
What is Performance Brokerage Services' reputation?
They are recognized as the highest volume dealership brokerage firm in North America, with a remarkable track record and commitment to ethics in transactions.
Who is Chad Richardson?
Chad Richardson is a dealer expanding his business portfolio by acquiring Louisburg Garage, which complements his existing dealership operations.
What will happen to the dealership post-sale?
Louisburg Garage will be rebranded as Richardson Motors Wisconsin, Inc. and will continue to operate from its established premises.
