Performance Brokerage Services, the leader in dealership
buy-sell activity, announces the sale of Sloan's Motorcycle &
ATV in Murfreesboro, Tennessee
from the Sloan family to Kirk Auto Group.
IRVINE,
Calif., May 14, 2024 /PRNewswire-PRWeb/ --
Performance Brokerage Services, North
America's highest volume dealership brokerage firm, is
pleased to announce the sale Sloan's Motorcycle & ATV in
Murfreesboro, Tennessee from
Bill Sloan, Curtis Sloan, Matt
Sloan, and Julie Link to
Cannon Kirk of Kirk Auto Group.
I look forward to working with Juan in the
future and recommend Performance Brokerage Services if you are
considering buying or selling your powersports dealership." -
Cannon Kirk, Owner of Kirk Auto Group
Sloan's Motorcycle & ATV was founded in 1960 by Bill Sloan. Bill's love of motorcycles began
over 80 years ago when he purchased his first Harley-Davidson. Bill decided to develop a
side-business to support his passion for bikes, which developed
into a multi-generational, family-owned and operated business. The
dealership grew from a one-line, 1,000 square foot store to a multi
brand 55,000 square foot dealership in the community of
Murfreesboro, Tennessee.
Following the sale, Curtis Sloan,
President and Chief Executive Officer for Sloan's Motorcycle &
ATV commented, "As a third-generation, family-owned dealership
established in 1960, selling was not on our radar. However, family
health issues brought us to consider a transition. Juan Pardo of Performance Brokerage Services
visited with us at our dealership and helped us understand the
buy-sell process and how we could maximize the value of many
decades of labor. Not only was Juan and his team instrumental in
finding the perfect buyer that fit with our family values and
culture, but he also made sure we had the right team of attorneys
and financial advisors in place." Curtis added, "Having never gone
through a buy-sell, and 64 years of hard work and success in the
community, emotions ran the spectrum, and we appreciate Juan's
calming personality. That steady, warm, and professional demeanor
helped us get this deal to a successful close. If you are looking
to sell your powersports dealership in the future, the Sloan family
would highly recommend Juan Pardo
and his team at Performance Brokerage Services."
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 North
America. George C. Chaconas,
Senior Partner, and Juan Pardo,
Partner of the Harley-Davidson & Powersports Division for
Performance Brokerage Services were the exclusive sell-side
advisors for this transaction.
After the sale, Juan Pardo
commented, "It was a true privilege to represent the Sloan family
and a dealership with such a great history in central Tennessee. It was important to find a buyer
with similar values and family culture that has been instilled in
Sloan's Motorcycle & ATV for many decades. I wish the Kirk
family continued success as they grow their powersports group, and
I thank the Sloan family for allowing us the opportunity to
represent them in selling their motorcycle/powersports
dealership."
George Chaconas added, "It is
with great pride and honor that we were the exclusive advisors to
the Sloan family in the sale of their nearly 70-year-old
dealership. I would like to congratulate my Partner, Juan Pardo, on a job well done. It has been a
privilege to help the Kirk family grow their powersports portfolio
and we look forward to continuing to help them with their
acquisition plans in the future. We wish the Sloan family success
in their future endeavors."
Kirk Auto Group and Kirk Brothers Powersports have been a
family-owned business for 50 years, operating over a dozen
locations in Mississippi. Owner,
Cannon Kirk, is a second-generation dealer, proudly carrying on the
tradition of commitment to customers and community set forth by his
father, Dynamite Kirk. Dynamite was selling cars for only 5 years
before purchasing a local Ford dealership in 1973. Cannon, at the
age of three, would play at the dealership, and from a very early
age, knew he wanted to work with his father. In 1991, after Cannon
graduated college, he began working for his father, and in 1993,
took over the day-to-day operations of the dealership. Currently,
Cannon's two sons, Tyler and Morgan, have joined the family
business, carrying on the legacy.
Cannon Kirk shared, "I want to thank Juan Pardo of Performance Brokerage Services for
presenting and guiding us through the Sloan's Motorcycle & ATV
buy-sell process. Having been a long-time family owned automotive
and powersports dealer in Mississippi, we knew this opportunity was a
perfect fit for our growing group. As with most deals, there are
complexities that come up, and his professionalism and availability
helped us get this deal to a successful conclusion. I look forward
to working with Juan in the future and recommend Performance
Brokerage Services if you are considering buying or selling your
powersports dealership."
Sloan's Motorcycle & ATV will remain at its current location
at 2233 NW Broad Street in Murfreesboro,
Tennessee.
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 30 years of experience, 900 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 9 regional offices in
Utah, Texas, Illinois, Florida, Virginia, Ohio, New
Jersey, Alberta and
Ontario, 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
George C. Chaconas, Performance
Brokerage Services, 813.569.6250,
george@performancebrokerageservices.com,
https://performancebrokerageservices.com
Twitter
View original content to download
multimedia:https://www.prweb.com/releases/after-64-years-performance-brokerage-services-advises-on-the-sale-of-sloans-motorcycle--atv-in-murfreesboro-tennessee-to-kirk-auto-group-302144279.html
SOURCE Performance Brokerage Services