Performance Brokerage Services, the leader in dealership
buy-sell activity, announces the sale of John Elway's Claremont Chrysler Dodge Jeep Ram
in California from John Elway
Dealership Group to Knight Automotive Group.
IRVINE,
Calif., June 25, 2022 /PRNewswire-PRWeb/ --
Performance Brokerage Services, North
America's highest volume dealership brokerage firm, is
pleased to announce the sale of John
Elway's Claremont Chrysler Dodge Jeep Ram in California from John Elway Dealership Group to
Knight Automotive Group.
John Elway Dealership Group is headquartered in Englewood, Colorado and was established in
2004. The group now operates 7 dealerships across California, Colorado, and Utah. In 2017, John
Elway's Claremont Chrysler Dodge Jeep Ram opened with a
state-of-the-art 65,000-square-foot facility. The dealership has
remained active in the community, with an emphasis on supporting
local schools and students.
John Elway Dealership Group is currently ranked as the 102nd
largest dealership group in the nation by Automotive News for
2022.
Over the last 5 years, Performance Brokerage Services has
advised on the sale of over 250 dealerships, making it the highest
volume dealership brokerage firm in North
America. In 2021, the company consummated 72 transactions,
marking a record-breaking year. Jason
Stopnitzky, Co-Founder, the exclusive agent for this
transaction for Performance Brokerage Services commented, "This is
our second transaction with the John Elway Dealership Group,
recently having sold to them Porsche of Salt Lake City. It is always a pleasure
working with such a professional and first-class organization, and
we thank them for entrusting our firm with the sale. We recently
worked with Kevin Knight and
Braeden Mueller of Knight Automotive
Group on their acquisition of two Ford dealerships in California and are proud to have assisted with
their third transaction in the US. We look forward to working with
both groups again in the future and wish them both tremendous
success."
Knight Automotive Group was founded by Ted Knight over 45 years ago, and is now led by
his son and President, Kevin Knight.
Knight Automotive Group is one of the largest dealers in
Canada with 14 locations. This
acquisition marks the group's third dealership in southern
California.
Braeden Mueller, Vice President
of Knight Automotive Group, commented, "The Knight Group wants to
thank Jason Stopnitzky and his team
for their efforts in finding another store that aligned with our
objectives. Jason has continued to impress us with his level of
market knowledge and professionalism through the entire process. We
look forward to continuing our relationship with Performance
Brokerage Services."
The dealership will remain at its current location at 620 Auto
Center Drive in Claremont,
California and has been renamed Knight Claremont Chrysler
Dodge Jeep Ram.
About Performance Brokerage Services
Performance Brokerage Services, Inc. is North America's highest volume dealership
brokerage firm, specializing in buy-sell activity for automotive,
RV, commercial truck, powersports, and equipment dealerships.
With over 25 years of experience, 700 dealerships sold, and a
90% closing rate, the company's reputation is unmatched and
governed by the utmost ethical conduct and integrity.
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 Irvine,
California, and supported by 7 regional offices in
Utah, Texas, Florida, Virginia, Ohio, New
Jersey, and Canada, clients
benefit from national exposure with local representation.
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
Jason Stopnitzky, Performance
Brokerage Services, 949-309-2815,
jason@performancebrokerageservices.com
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SOURCE Performance Brokerage Services