Crowley Car Company Sells Subaru of El Cajon, California
October 3, 2019
Performance Brokerage Services, North America’s highest volume automotive dealership brokerage firm, announces the sale of Subaru of El Cajon, California from Father and Son, James and Sean Crowley of the Crowley Car Company to City Ventures.
The Crowley family has been in the retail automotive industry since 1975, having owned and operated a total of 26 dealerships in San Diego, Orange, Los Angeles, Riverside and Kings Counties. They currently employ over 500 people.
The Crowley Car Company supports local neighborhoods and surrounding communities through donations and volunteer work. Many team members volunteer at their local schools, youth sports, churches and more. They support accountable, financially healthy and transparent local and charitable organizations involving children, military families and schools.
Sean Crowley, President of the Crowley Car Company, commented, “I’ve had the pleasure of working with Jason Stopnitzky and Performance Brokerage Services as a dealership buyer and as a dealership seller. Jason surpassed our expectations every time. Jason is hardworking, professional, straight-forward and totally trustworthy.”
Over the last 5 years, Performance Brokerage Services represented for sale over 200 automotive dealerships making it the highest volume automotive dealership brokerage firm in North America. Jason Stopnitzky, Co-Founder of Performance Brokerage Services commented, “This is the last opportunity for the assets to generate income for our clients. It is important that we identify the unique buyer in order to maximize the value and capitalize on the many years of building goodwill. Subaru of El Cajon enjoys a real goodwill within the community, and it was a privilege to have represented the Crowley family in this sale.”
The buyer for Subaru of El Cajon is City Ventures, co-owned by Daniel White and Christopher L. Erickson. These investors’ core holdings include a broad range of real estate assets and a portfolio of complementary businesses. They were recently acknowledged as an Inc. 5000 honoree for being one of the fastest growing privately held companies in the United States.
The dealership will remain at its current location at 900 Arnele Avenue in El Cajon, California 92020. The Crowley Car Company has received numerous recognition awards including the Ford Blue Oval Award, Ford President’s Award, Toyota President’s Award, Chrysler 5 Star Award, Lexus Elite President’s Award, General Motors’ Leaders of Distinction, Cadillac Distinguished Dealer Award and the Kia President’s Award. They were also nominated for the Time Dealer of the Year.
Jason Stopnitzky shared, “After 22 years of facilitating the sale of car dealerships, I can say without reservation that James and Sean Crowley are truly the upper 1%. They did everything they said they would do from the moment they received the initial letter of intent to purchase. We are grateful for the opportunity to be of service and thank the Crowley family for the friendship.”
Adrian Kulinski acted as General Counsel for Crowley Car Company. Stopnitzky commented, “Adrian made himself available around the clock to ensure a smooth and swift transaction for all parties. He graciously handled all the minutia that exists beyond the buy-sell and far exceeded the standard scope of responsibilities.” George M. Taylor, III, a Partner at Burr & Forman LLP represented City Ventures in this transaction.
Performance Brokerage Services, an auto dealership broker, specializes in professional intermediary services to buyers and sellers of automotive, commercial truck, Harley-Davidson and Powersports dealerships.
The company offers a different approach by providing complimentary dealership assessments, no upfront fees, no reimbursement of costs and is paid a success fee only. Performance Brokerage Services gets paid only after the client gets paid.
With nearly 30 years of dealership brokerage experience, the company utilizes an extensive network of industry related accountants, attorneys, hundreds of registered buyers and enjoys longstanding relationships with most of the auto manufacturers. The intermediaries at Performance Brokerage Services have been involved in well over 600 transactions. Pledging loyal and unwavering representation, confidentiality is vigilantly protected during the selling process and after the transaction closes.
With corporate offices in Irvine, California, seven regional offices in Utah, Florida, Texas, Virginia, New Jersey, Alberta and Ontario, a dedicated Harley-Davidson and Powersports Division, and a dedicated Commercial Truck Division, Performance Brokerage Services provides its clients national exposure with local representation. For more information about the services offered by Performance Brokerage Services, visit https://performancebrokerageservices.com.