Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Fleming’s Ultimate Garage in Rockville, Maryland from Tony & Monica Fleming to Ultimate Dealer Group.
Fleming’s Ultimate Garage is a family-owned dealership founded in 2001. As one of the top specialty car dealers in the country, Fleming’s Ultimate Garage specializes in classic, muscle, sports, and exotic cars, as well as motorcycles. The dealership features a state-of-the-art 80-vehicle showroom.
Ultimate Dealer Group includes Ellingson Motorcars, a Minnesota-based dealership specializing in classic and collectible cars.
Over the last 5 years, Performance Brokerage Services has advised on the sale of nearly 400 dealerships, making it the highest volume dealership brokerage firm in North America. George C. Chaconas, Senior Partner of the Southeast Division for Performance Brokerage Services was the exclusive sell-side advisor for this transaction.
George Chaconas commented, “Tony Fleming and his wife, Monica, reached out to me to help them sell their classic car business, which they had built over 24 years without a formal succession plan. It was an honor to exclusively represent them in the sale. The buyer, Dan Ribnick, who is already in the industry, was looking to expand his operations. Dan and his son, David, not only acquired the business but also formed a partnership aimed at driving its future growth. I wish both parties great success and a strong future partnership. I’d like to thank them for the opportunity to be of service, and I’m truly grateful to have helped facilitate this transaction.”
Fleming’s Ultimate Garage will remain at its current location at 660 Lofstrand Lane in Rockville, Maryland.
