M&K Truck Centers Expands Its Operations with Ball Volvo Acquisition
M&K Truck Centers has made a notable move in the dealership sector by acquiring Ball Volvo, previously owned by the Ball family. Performance Brokerage Services facilitated this transaction, emphasizing its prominent role in dealership buy-sell activity.
The Legacy of Ball Volvo
Established in 1973 by Kenney and Carla Ball, Ball Volvo Truck & Tire Center has operated as a family-owned business for decades. The family, including their sons, Keith and Jarrod, have built a reputable legacy in the trucking industry.
The Decision to Sell
After over five decades of dedication to the dealership, the Ball family decided it was time to retire. In their own words, the family expressed that choosing the right buyer was crucial to continue the legacy they had created. They sought a buyer that would uphold the values they had instilled within their workforce.
Guidance by Performance Brokerage Services
The Ball family sought advice from Performance Brokerage Services, renowned for their expertise in truck dealership transactions. They had recommendations from other dealers who had utilized their services with success. Initial conversations with Dan Argiro and Pat Albero helped the family realize they had found the right fit.
Understanding the Family and Business
During the initial discussions, Argiro and Albero took the time to understand the Ball family's history and values. They prioritized maintaining the culture and principles that had underpinned Ball Volvo's success. The Ball family appreciated the genuine interest and insightful questions posed by the Performance Brokerage team.
The Successful Transaction
With trust established, the family began working with Performance Brokerage Services to arrange the sale. Argiro noted that the family was proactive in understanding the market value of their dealership, which set the foundation for the transaction. M&K Truck Centers emerged as the ideal buyer, possessing a compelling history in the industry.
Having previously collaborated with M&K on another transaction, Argiro and Albero recognized their stature and commitment to welcoming the Ball family into their organizational culture.
About M&K Truck Centers
Founded in 1989, M&K Truck Centers had its beginnings with the purchase of used truck inventory. The company has grown significantly, boasting a current operation of 29 locations across multiple states. They represent leading truck brands such as Mack and Volvo, and their commitment to quality service has earned them prestigious accolades.
Acknowledgments from Leadership
Ron Meyering, the founder of M&K Truck Centers, shared his gratitude towards the Performance Brokerage team for their exemplary service. He highlighted the communication and cooperation throughout the acquisition process, which facilitated a seamless transition.
Ball Volvo will now operate as M&K Truck Centers at its existing location, signaling an exciting new chapter for both the dealership and its employees.
About Performance Brokerage Services
Performance Brokerage Services has established itself as a leader in dealership brokerage, particularly in the North American market. Specializing in automotive and commercial truck dealership buy-sell activities, they boast an impressive track record with a high closing rate and a commitment to ethical practices.
With 30 years of experience and a notable presence across various states, the firm provides valuable services, including complimentary dealership valuations with no initial fees. This customer-focused approach has solidified their reputation in the industry.
Frequently Asked Questions
What led to the acquisition of Ball Volvo by M&K Truck Centers?
M&K Truck Centers sought to expand its operations, and acquiring Ball Volvo allowed them to continue a well-established legacy in the trucking industry.
Who were the key figures in the sale process?
Dan Argiro and Pat Albero from Performance Brokerage Services played critical roles as advisors throughout the transaction.
What does the future hold for Ball Volvo under M&K Truck Centers?
Ball Volvo will be renamed M&K Truck Centers, promising to preserve its legacy while benefitting from M&K’s extensive resources and support.
What is the reputation of Performance Brokerage Services?
The company is recognized as North America's leading dealership brokerage firm, known for their high success rate and ethical standards.
How many locations does M&K Truck Centers operate?
Currently, M&K Truck Centers operates 29 locations across various states, providing a wide range of truck services and sales support.
