Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Cody Foster Buick GMC of El Dorado, Kansas from Cody Foster to Dutch Miller Auto Group.
The Buick GMC dealership was established in the El Dorado community in the 1950’s. The dealership changed hands for the first time in 2020, when it was acquired by Cody Foster.
Foster got his start in the automotive industry in Eastland, Texas at the age of 18. He worked his way up, holding positions such as General Manager, Partner, and COO of Blake Fulenwider Automotive, where he worked for 10 years.
Following the sale, Foster commented, “My experience as a seller was as pleasurable as when I was a buyer. Paul Kechnie of Performance Brokerage Services has always taken excellent care of me, and I see his Partner, Mark Shackelford, as an excellent addition to the team. They found a qualified buyer quickly and guided us both through the process very efficiently. I could not be happier. I would highly recommend Paul and Mark of Performance Brokerage Services to anyone.”
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. In 2021, the company consummated 72 transactions, marking a record-breaking year. This transaction was exclusively facilitated by Paul Kechnie and Mark Shackelford, the Texas & Midwest Partners for Performance Brokerage Services. Shackelford commented, “It has been an honor to represent Chris Miller and Danny Anderegg of Dutch Miller Auto Group on the purchase of Cody Foster Buick GMC in El Dorado, Kansas. I have known Chris and Danny for many years, and it was a privilege to be a part of their expansion to 10 dealerships. I would like to congratulate Chris and Danny and wish them much success on their new dealership. Best of luck gentlemen, and I look forward to our next venture!”
Dutch Miller Auto Group was established in 1961 by H.D. ‘Dutch’ Miller with the opening of Dutch Miller Chevrolet in Huntington, West Virginia. Currently owned and operated by Miller’s son, Matt, and two grandsons, Chris and Sam, the business has expanded to multiple dealerships across West Virginia, North Carolina, Tennessee, and now Kansas. They currently offer 12 brands, with a team of 300 employees.
Chris Miller, President of Dutch Miller Auto Group, commented, “Mark Shackelford of Performance Brokerage Services was exceptional. He understood the entire process from soup to nuts. It was an easy and enjoyable transaction.”
The dealership will remain at its current location at 2670 West Central Avenue in El Dorado, Kansas and will be renamed Dutch Miller Buick GMC of El Dorado.