Performance Brokerage Services, the leading dealership brokerage firm, is pleased to announce the sale of Plaza Chrysler Dodge Jeep Ram in Orangeburg, South Carolina from Joseph Nolette to Tony Thomas.
Over the last 5 years, Performance Brokerage Services has represented for sale over 200 automotive dealerships making it the highest volume automotive dealership brokerage firm in North America. George C. Chaconas, the exclusive advisor for this transaction and the Southeast Partner for Performance Brokerage Services commented, “Attorney Mark Ornstein at Bass Sox Mercer referred me to Mr. Joseph Nolette to help sell his dealership in Orangeburg, South Carolina so that he could focus on his Florida dealerships. It was an honor and privilege representing Mr. Nolette. Buddy Irby, the CFO and Operations Manager, was instrumental and an integral part in facilitating the transaction. I want to thank Joe and Buddy very much for the opportunity to be of service. Best wishes.”
Tony Thomas began his career in the automotive business over 20 years ago. His experience is with most domestic and import brands and spans a broad range of positions within the dealership. He has made notable accomplishments in turning production around, having one of the best sales efficiencies in the nation when he was a partner at Hyundai of Silsbee. Tony’s passion for the industry has not gone unnoticed. A colleague of his, Lekeitha R. Morris, Ph.D., stated, “I have known Tony over 30 years in several roles. Over the years, I have found Tony to demonstrate exceptional organizational skills and unprecedented time management skills. I have witnessed him completely change the trajectory of dealerships.”
It takes many hands throughout the buy-sell process. Tony was guided by industry professional, Tim Devine of RBD Consulting, along with his counsel, Scott Franck of Johnson Deluca Kurisky & Gould, P.C. that got him to the finish line.
Thomas commented, “I would like to thank and highly recommend Performance Brokerage Services for helping with this acquisition. George Chaconas and Courtney Bernhard worked hard to identify the type of opportunity I was looking for and also provided excellent communication during the process. I am looking forward to working together on future deals.” Tony has also been a pillar in the community where he lived and was actively involved with the Houston area Boys and Girls Club of America mentoring program. Tony started his own foundation in 2011, named Tony T Foundation for at risk youth in the community. Courtney Bernhard of Performance Brokerage Services stated, “I had the pleasure of working with Tony throughout the process and meeting him and his wife at the closing. I have no doubt that he will bring tremendous energy and guidance to an already great staff at his new dealership.”
The dealership will remain at its current location at 2801 St. Matthews Road. in Orangeburg, South Carolina under the new name, Tony T Chrysler Dodge Jeep Ram of Orangeburg.
The attorney for the buyer was Scott Franck of Johnson Deluca Kurisky & Gould, P.C.
The attorney for the seller was Greg Studemeyer of Studemeyer Law Firm.
The transaction was funded by LiveOak Bank, Jason Lumpkin, SVP – Dealer Services.