Performance Brokerage Services, the leader in dealership
buy-sell activity, announces the sale of Volkswagen of Oakland, California from Mike Murphy to Putnam Auto 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 Volkswagen of Oakland, California from Mike Murphy to Putnam Auto Group.
Volkswagen of Oakland is
located in the heart of downtown Oakland,
California and has been a part of its community since the
late 1950's. The dealership has been family owned and operated for
the past 26 years by the Murphy family, with Mike Murphy serving as President and his two
sons, Chris and Mike Jr., serving as General Manager and Used Car
Manager.
Mike Murphy is the Founder of the
Love From Margot Foundation, which he created in 2012 in memory of
his wife, Margot, to help those suffering from cancer and other
life-threatening diseases.
Following the sale, Murphy commented, "I have been an auto
dealer in the San Francisco Bay area for 40 years. As I was
approaching retirement, I reached out to Jason Stopnitzky of Performance Brokerage
Services to handle the sale of my dealership. Having worked with
Jason in the past on other transactions, I was always impressed
with his professionalism and attention to detail. Jason found me an
excellent buyer and the whole process went smoothly. I am very
grateful to Jason and the entire team at Performance Brokerage
Services who were a joy to do business with."
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, the exclusive agent for this transaction and
Co-Founder of Performance Brokerage Services commented, "I have
known Mike Murphy for the past 20
years. It was an honor and a privilege to help him retire from the
auto industry after 40 years and represent his family through this
legacy transition. I want to congratulate Mike on his well-deserved
retirement and wish him luck on his next chapter."
Putnam Auto Group has been serving the Bay Area since 1965.
Putnam Auto Group established their presence in Northern California when Joe Putnam acquired a Buick dealership in
Burlingame, and they are now one
of the oldest dealership groups in the Bay Area. The group offers
16 brands across their 13 dealerships in California.
The dealership will remain at its current location at 2740
Broadway in Oakland,
California.
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