Performance Brokerage Services Announces Major Deal
Performance Brokerage Services, recognized as a leader in dealership transactions, has successfully completed the sale of Patrick-Miller Tractor Company to Jon Bierbaum from MidSouth Tractor Company. This transaction marks a significant milestone in the dealership buy-sell industry.
Details of the Transaction
Patrick-Miller Tractor Company, which has been operational since 1953, has played a vital role in its market. The company operated from two locations, providing valuable services and equipment to its clientele. The acquisition will support MidSouth Tractor Company's continued growth and expand their reach in the industry.
Shared Insights from Key Players
Jason Fluitt, a partner involved in the transaction, shared his experience working with Performance Brokerage Services. He noted how the team's professionalism and industry knowledge set them apart, guiding the negotiation process seamlessly. The focus on confidentiality and the alignment in values between the seller and buyer highlighted the integrity of the transaction.
Performance Brokerage’s Industry Leadership
In recent years, Performance Brokerage Services has advised on the sale of over 300 dealerships, solidifying its position as the highest volume dealership brokerage firm in North America. With partners like Pat Albero and Dan Argiro leading this particular transaction, the company continues to demonstrate its commitment and effectiveness in dealership sales.
Future Prospects for MidSouth Tractor Company
Post-acquisition, Jon Bierbaum expressed excitement about integrating into the Kubota network and the growth opportunities that lie ahead. He emphasized that the cooperation and dedication of the Performance Brokerage Services team were crucial in navigating the complexities of the deal.
Patrick-Miller Tractor Company’s New Direction
Post-sale, the Patrick-Miller Tractor Company will continue its operations at its established locations, now rebranded as MidSouth Forestry Equipment and MidSouth Tractor Company. The intention is to maintain the legacy while expanding services for the community.
About Performance Brokerage Services
Performance Brokerage Services, Inc. stands as North America's leading dealership brokerage firm. With over three decades of dedicated service, they excel in buy-sell activities for various dealerships including automotive, RV, commercial truck, powersports, and equipment sectors.
With a proven track record of selling 900 dealerships and a remarkable 90% closing rate, the firm's reputation underscores its ethical and professional standards. Their innovative approach allows clients to receive complimentary estimates with no upfront fees.
Based in Irvine, California, and supported by numerous regional offices, Performance Brokerage Services provides unmatched national exposure backed by local representation, making it a trusted choice for dealership transactions.
Frequently Asked Questions
What kind of services does Performance Brokerage Services offer?
Performance Brokerage Services offers dealership buy-sell advisement, including complimentary value estimates and transaction facilitation.
How long has Patrick-Miller Tractor Company been in operation?
Patrick-Miller Tractor Company has been serving its community since 1953, making a significant impact in local markets.
Who are the key people involved in this acquisition?
Jason Fluitt, Jon Bierbaum, Pat Albero, and Dan Argiro played crucial roles in the transaction, providing expertise and guidance throughout the process.
What are the new names for the former Patrick-Miller locations?
The locations will now be known as MidSouth Forestry Equipment and MidSouth Tractor Company following the acquisition.
What distinguishes Performance Brokerage Services from competitors?
Their extensive experience, high closing rate, and commitment to confidentiality and ethical practices make Performance Brokerage Services a leader in the industry.
