Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Foundation Automotive Corp’s four dealerships in Tennessee, including Jones Chevrolet Humboldt, Jones Nissan of Savannah, Jones GMC of Savannah, and Jones Chrysler Dodge Jeep Ram of Savannah, to Jones Motor Company.
Foundation Automotive Corp operates over a dozen dealerships across Colorado and Texas, representing a variety of domestic and import brands.
Following the sale, Mike McMeeken, Vice President of Corporate Development at Foundation Automotive Corp, shared, “It was a pleasure to work and build a great relationship with the Performance Brokerage Services team of George Chaconas, Jimmy Robinson, Courtney Bernhard, and Jesse Stopnitzky to facilitate the sale of our platform of four automotive dealerships in Tennessee to focus and realign our core group of car stores. I look forward to continuing to work with them in the near future and wanted to thank them for their professionalism and tenacity to get these deals done, as it was not easy!”
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 Chaconas, Jimmy Robinson, and Courtney Bernhard from the Southeast Office for Performance Brokerage Services served as the exclusive sell-side advisors for this transaction.
George Chaconas shared, “I’m thrilled to have recently helped facilitate Foundation Automotive Corp’s platform in Tennessee, alongside my new partner, Jimmy Robinson, and Courtney Bernhard. I want to extend a heartfelt thank you to Mike McMeeken and the entire team at Foundation for trusting us with the exclusive sell-side representation on this transaction. The road to closing was long and, at times, challenging—but we got it done, and I couldn’t be more proud of the team effort that made it possible. I’m incredibly grateful and humbled to have worked alongside Mike. It’s been a true pleasure to get to know him better, and I look forward to collaborating again on future opportunities.”
Jimmy Robinson added, “I am honored to have represented Foundation Automotive Corp in their recent sale of their Tennessee platform to Chad Jones. It was a pleasure working alongside my partners, George Chaconas and Courtney Bernhard, to facilitate this transaction with Mike McMeeken and his tremendous team at Foundation Automotive Corp. I look forward to working with Mike and the Foundation team on their future endeavors.”
Established in 1960, Jones Motor Company has become a trusted family name serving communities across Tennessee. With five locations in Savannah and Humboldt, the group represents brands including Ford, Chrysler, Dodge, Jeep, Ram, Chevrolet, Nissan, and GMC.
The Jones dealerships in Humboldt and Savannah, Tennessee will continue to operate at their current locations.
