Performance Brokerage Services is pleased to announce the sale of Clemons Chevrolet in Marshalltown, Iowa from Michael Clemons to Gregg Young Automotive Group.
The acquisition of Clemons Chevrolet marks the third transaction facilitated by Performance Brokerage Services on behalf on Gregg Young Automotive Group since 2018. Paul Kechnie, Senior Midwest Partner for Performance Brokerage Services, was the exclusive advisor for this transaction. Gregg Young, President, currently owns and operates nine dealerships across Iowa and Nebraska and has plans to continue growing his auto group.
Here’s what seller Gregg Young had to say:
“Paul Kechnie of Performance Brokerage Services continues to help us grow our family of dealerships. He works very hard to not only find us opportunities, but then navigate them through closing. We are very excited to add Marshalltown to our group of Iowa and Nebraska locations. We wish Mike Clemons all the best and look forward to serving a new community in Iowa.”