Performance Brokerage Services Represents Lithia & Driveway (LAD) on the Sale of North Branch Chevrolet in Minnesota
Lithia & Driveway (LAD) has sold North Branch Chevrolet in Minnesota to Tyler Kadlec of Tom Kadlec Automotive, with Performance Brokerage Services acting as the exclusive sell-side advisor. The dealership will be renamed Tom Kadlec Chevrolet and will remain at its current location in North Branch, Minnesota. Tom Kadlec Automotive, a family-owned business operating since 1979 in Rochester, Minnesota, is expanding its footprint through this acquisition.
The transaction represents another successful deal for Performance Brokerage Services, which has advised on over 300 dealership sales in the last 5 years. Lithia & Driveway, currently ranked #1 on the 2024 Automotive News Top 150 Dealership Groups based on 2023 new vehicle retail sales units, continues to optimize its dealership portfolio through strategic divestitures.
Lithia & Driveway (LAD) ha venduto North Branch Chevrolet in Minnesota a Tyler Kadlec di Tom Kadlec Automotive, con Performance Brokerage Services che ha agito come consulente esclusivo per la vendita. La concessionaria verrà rinominata Tom Kadlec Chevrolet e rimarrà nella sua attuale sede a North Branch, Minnesota. Tom Kadlec Automotive, un'azienda a conduzione familiare operante dal 1979 a Rochester, Minnesota, sta espandendo la sua presenza attraverso questa acquisizione.
La transazione rappresenta un altro affare riuscito per Performance Brokerage Services, che ha consigliato oltre 300 vendite di concessionarie negli ultimi 5 anni. Lithia & Driveway, attualmente classificata al primo posto nella classifica 2024 di Automotive News delle 150 migliori gruppi di concessionarie basata sulle vendite al dettaglio di veicoli nuovi del 2023, continua a ottimizzare il proprio portafoglio di concessionarie attraverso disinvestimenti strategici.
Lithia & Driveway (LAD) ha vendido North Branch Chevrolet en Minnesota a Tyler Kadlec de Tom Kadlec Automotive, con Performance Brokerage Services actuando como asesor exclusivo de venta. La concesionaria será renombrada Tom Kadlec Chevrolet y permanecerá en su ubicación actual en North Branch, Minnesota. Tom Kadlec Automotive, un negocio familiar que opera desde 1979 en Rochester, Minnesota, está ampliando su alcance a través de esta adquisición.
La transacción representa otro acuerdo exitoso para Performance Brokerage Services, que ha asesorado en más de 300 ventas de concesionarios en los últimos 5 años. Lithia & Driveway, actualmente clasificada en el número 1 en la lista de Automotive News 2024 de los 150 mejores grupos de concesionarios basada en las unidades de ventas minoristas de vehículos nuevos en 2023, continúa optimizando su cartera de concesionarios a través de desinversiones estratégicas.
리시아 & 드라이브웨이 (LAD)는 미네소타주 노스브랜치의 북부 지점 쉐보레를 톰 카들렉 자동차의 타일러 카들렉에게 판매했으며, 퍼포먼스 브로커리지 서비스가 독점 판매 자문으로 활동했습니다. 이 자동차 대리점은 톰 카들렉 쉐보레로 이름이 바뀌며 노스브랜치 미네소타의 현재 위치에 계속 운영될 예정입니다. 1979년부터 미네소타주 로체스터에서 운영되는 가족 소유의 사업인 톰 카들렉 자동차는 이번 인수를 통해 사업 영역을 확장하고 있습니다.
이번 거래는 최근 5년간 300건 이상의 대리점 판매에 대해 자문을 제공해온 퍼포먼스 브로커리지 서비스에게 또 다른 성공적인 거래로 평가됩니다. 리시아 & 드라이브웨이는 2023년 신차 소매 판매량 기준으로 2024년 오토모티브 뉴스에서 발표한 150대 딜러 그룹에서 1위로 평가받으며, 전략적 매각을 통해 대리점 포트폴리오를 최적화하고 있습니다.
Lithia & Driveway (LAD) a vendu North Branch Chevrolet dans le Minnesota à Tyler Kadlec de Tom Kadlec Automotive, Performance Brokerage Services agissant en tant que conseiller exclusif pour la vente. La concession sera renommée Tom Kadlec Chevrolet et restera à son emplacement actuel à North Branch, Minnesota. Tom Kadlec Automotive, une entreprise familiale opérant depuis 1979 à Rochester, Minnesota, élargit son empreinte grâce à cette acquisition.
La transaction représente un autre succès pour Performance Brokerage Services, qui a conseillé plus de 300 ventes de concessions au cours des 5 dernières années. Lithia & Driveway, actuellement classée numéro 1 dans le classement 2024 d'Automotive News des 150 meilleurs groupes de concessionnaires basé sur les ventes au détail de véhicules neufs en 2023, continue d'optimiser son portefeuille de concessions à travers des désinvestissements stratégiques.
Lithia & Driveway (LAD) hat North Branch Chevrolet in Minnesota an Tyler Kadlec von Tom Kadlec Automotive verkauft, während Performance Brokerage Services als exklusiver Verkaufsberater fungierte. Der Autohaus wird umbenannt in Tom Kadlec Chevrolet und bleibt an seinem derzeitigen Standort in North Branch, Minnesota. Tom Kadlec Automotive, ein familiengeführtes Unternehmen, das seit 1979 in Rochester, Minnesota tätig ist, erweitert durch diesen Erwerb seine Präsenz.
Die Transaktion ist ein weiterer erfolgreicher Abschluss für Performance Brokerage Services, das in den letzten 5 Jahren bei über 300 Autohäuser-Verkäufen beraten hat. Lithia & Driveway, derzeit auf Platz 1 der Automotive News Top 150 Händlergruppen für 2024 basierend auf den Einzelhandelsverkäufen neuer Fahrzeuge im Jahr 2023, optimiert weiterhin sein Händlerportfolio durch strategische Veräußern.
- LAD maintains its #1 position in 2024 Automotive News Top 150 Dealership Groups
- Strategic divestiture aligns with company's portfolio optimization strategy
- Reduction in LAD's dealership network footprint in Minnesota
Insights
This dealership divestment aligns with Lithia & Driveway's strategic portfolio optimization efforts. While the sale of a single dealership may seem minor for a company of LAD's size (ranked #1 in new vehicle retail sales), it demonstrates the company's active management of its dealership network to maintain operational efficiency. The transaction's financial terms weren't disclosed, making it difficult to assess the immediate impact on LAD's bottom line. However, the company's willingness to divest non-core assets suggests a disciplined approach to capital allocation. The North Branch location likely represented a small fraction of LAD's total revenue, given their extensive network. This strategic pruning should help maintain focus on more profitable locations and growth opportunities.
The auto dealership market continues to show strong consolidation activity, with this transaction highlighting the ongoing trend of family-owned groups expanding their footprint. The deal represents a shift from public to private ownership for this particular location, reflecting the dynamic nature of dealership ownership structures. Tom Kadlec Automotive's expansion into the Chevrolet brand diversifies their existing Honda and Kia portfolio, potentially strengthening their competitive position in the Minnesota market. The involvement of Performance Brokerage Services, having facilitated over 300 dealership transactions in 5 years, underscores the robust M&A activity in the automotive retail sector.
Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of North Branch Chevrolet in
Lithia & Driveway started from humble beginnings when Walt DeBoer founded a Chrysler-Plymouth-Dodge dealership in
Director of Network Development for Lithia & Driveway, Matt Whitmer commented, "When we decided to divest of our North Branch Chevrolet store, we reached out to Emily Bourne and Matt Willis at Performance Brokerage Services for assistance in finding a qualified buyer. From start to finish, they provided exceptional support in finding the right buyer, Tyler Kadlec. Their communication was always clear, consistent, and proactive, ensuring that the deal stayed on track and allowing us to meet our targeted closing date. We look forward to working with Matt,
Over the last 5 years, Performance Brokerage Services has advised on the sale of over 300 dealerships, making it the highest volume dealership brokerage firm in
Emily Bourne shared, "It was an honor to represent Lithia & Driveway in the sale of North Branch Chevrolet to Tyler Kadlec. Working with Lithia & Driveway, we were able to understand their goals for divesting the store. It was exciting to find the perfect buyer in Tyler Kadlec, a fellow Northwood University alumnus, as he expands the Tom Kadlec Automotive footprint in
Tom Kadlec Automotive is a family-owned and operated business that has been proudly serving the
North Branch Chevrolet will be renamed Tom Kadlec Chevrolet and will remain at its current location at 38420 Tanger Drive in
About Performance Brokerage Services
Performance Brokerage Services, Inc. is
With over 30 years of experience, 900 dealerships sold, and a
The company offers a unique approach by providing complimentary estimates of value with no upfront fees or retainer, no reimbursement of costs, and paid a success fee only after the transaction closes.
Headquartered in
As trusted and respected experts in the field, the company utilizes an extensive network of industry related attorneys, accountants, hundreds of registered buyers, and longstanding relationships with various vehicle manufacturers.
For more information about the services offered by Performance Brokerage Services, visit https://performancebrokerageservices.com.
Media Contact:
Jesse Stopnitzky, Co-Owner
(949) 309-2851
jesse@performancebrokerageservices.com
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SOURCE Performance Brokerage Services, Inc.
FAQ
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