Performance Peterbilt Transitions to The Larson Group
Performance Brokerage Services, recognized for its expertise in dealership buy-sell transactions, has successfully facilitated the transition of Performance Peterbilt to The Larson Group, encompassing eight locations across several states. This strategic move is anticipated to enhance the operational capabilities and service quality of the Peterbilt brand in the southern region.
Overview of Performance Peterbilt
Founded in 2012, Performance Peterbilt has built a strong reputation in the commercial truck industry, particularly across the southeastern United States. The company has maintained a strong commitment to delivering exceptional service, showcasing operational excellence, and demonstrating leadership within the industry.
Through its relentless dedication, Performance Peterbilt has amassed impressive accolades, including several Best in Class Dealer of the Year Awards and numerous Platinum awards for service excellence. It offers modern facilities and comprehensive support services, ensuring that customers receive top-notch assistance across the trucking sector.
Insights from Leadership
Nathan Ried, the President of Performance Peterbilt, expressed his long-standing relationship with Performance Brokerage Services, particularly highlighting the professionalism and market knowledge they brought to the transaction. He shared that, from the outset, the team was proactive in addressing challenges and effectively guiding the sale process, ensuring confidentiality and a favorable outcome for all parties involved.
According to Ried, the culture of excellence that Performance Peterbilt has nurtured will continue under the guidance of Glenn Larson and his team at The Larson Group. Nathan noted the critical importance of maintaining a seamless transition for employees and customers alike.
Continued Growth for The Larson Group
Dan Argiro, a Senior Partner at Performance Brokerage Services, commented on the importance of the completed transaction. He acknowledged the long-standing relationship with Ried and the opportunity to connect with a high-performing dealer like Glenn Larson. The smooth closing is a testament to the effective collaboration among all parties.
The Larson Group boasts an expansive network with 34 locations across 11 states and has been a part of the Peterbilt dealer network since 1987. Their reputation for strong family values and a profound understanding of the needs of drivers has driven their steady growth and ensured their relevance in the industry.
Additionally, The Larson Group operates a robust full-service commercial truck leasing and rental division, coupled with ongoing investments in state-of-the-art facilities. This continued commitment to excellence has earned them multiple Dealer of the Year Awards, highlighting their impactful presence in the market.
Future Initiatives
In light of the acquisition, the locations operated by Performance Peterbilt will be rebranded as TLG Peterbilt in various Florida and Georgia cities, alongside locations in Mississippi. This transition will allow The Larson Group to incorporate their operational standards while retaining the current facilities.
About Performance Brokerage Services
Performance Brokerage Services, Inc. thrives as North America's leading dealership brokerage firm, specializing in the buy-sell activity across diversified sectors such as automotive, RV, commercial truck, and more. With a commanding market presence and notable success, the firm has successfully sold over 900 dealerships while maintaining an impressive closing rate.
The company prides itself on offering complimentary, no-obligation estimates of dealership value, emphasizing an ethical approach that requires only success-based fees post-transaction. This unique strategy has further solidified their reputation as trusted experts in dealership brokerage.
Headquartered in Irvine, California, Performance Brokerage Services operates 12 regional offices throughout the U.S. and Canada, providing clients with both national reach and local expertise.
Frequently Asked Questions
What sparked the sale of Performance Peterbilt?
The decision to sell was driven by a strategic vision, with Performance Brokerage Services guiding the process seamlessly.
How many locations are included in the sale?
The transition involves eight locations in Florida, Georgia, and Mississippi.
Who will lead the rebranded locations?
Glenn Larson and his team at The Larson Group will oversee operations at the newly branded TLG Peterbilt locations.
What is Performance Brokerage Services' expertise?
The firm specializes in dealership buy-sell activity across various sectors, proven by their extensive track record.
How does The Larson Group plan to enhance service?
TLG will utilize its strong family values and operational experience to ensure continued growth and excellence in service delivery.
