Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Henderson Ford in Henderson, Kentucky from Dave Stumbo to Ron Faupel and Kate Faupel Grealish.
Henderson Ford was established in 1968 by the Dempewolf family and was purchased by Dave Stumbo in 2019. Dave has been a part of the automotive industry from a young age, starting with his own automotive detail shop as a teenager. He went on to work as a car salesperson, manage a dealership, and become a dealership owner. Stumbo currently owns Toyota of Gallatin in Tennessee and Toyota of Bowling Green in Kentucky.
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. Paul Kechnie, Senior Partner, and Mark Shackelford, Sr., Partner, of the Texas & Midwest Offices for Performance Brokerage Services were the exclusive advisors for this transaction. Shackelford, Sr. shared, “We had the pleasure of working with Kate Faupel Grealish and her father, Ron Faupel in the acquisition of Henderson Ford. We’re honored to play a part in Kate’s next chapter of having her own store and expanding the family business that has been a part of the Henderson community for over 20 years! We wish Kate the best of luck on her new venture!”
Ron Faupel and Kate Faupel Grealish are the owners of Henderson Chevrolet GMC in Kentucky. Kate began working for her father’s dealership at age 15 and continues to carry on the family name in the automotive industry alongside her father.
After the sale, Kate commented, “Mark and I first met in early 2023 when he made a visit to our family Chevrolet GMC store in Henderson, Kentucky. He asked what my goals were for my career in the car business, and I told him I wanted to be a car dealer and buy another dealership in our community. Fast forward a few months and we were working to make that happen! Mark and Mark, Jr. helped us purchase the Ford dealership in Henderson and made sure we had a smooth franchise approval and buying process. Big thanks to Mark and Mark, Jr. I would highly recommend them if you are looking to buy or sell!”
Henderson Ford will be renamed Kate Faupel Ford and will remain at its current location at 2530 US-41 in Henderson, Kentucky.