Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Tom Heffernan Ford in Lake City, Minnesota from Tom and Marie Heffernan to Moneer Nyazi of Mosaic Auto Group.
Tom Heffernan has had a remarkable tenure with Ford, spanning 68 years. He joined Ford Motor Company in 1956 and acquired his own dealership, Tom Heffernan Ford, in 1973. Throughout his career, Heffernan exemplified dedication and expertise in serving Ford customers and enthusiasts alike.
Following the sale, Marie, Tom Heffernan’s wife, remarked, “Emily Bourne of Performance Brokerage Services was wonderful. She is very professional, easy to work with, and made the transaction process seamless. Everything was very confidential, and until the final papers were signed, confidentiality was maintained. Emily and Performance Brokerage Services did an excellent job.”
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, Emily Bourne, Partner, and Matt Willis, Partner of the Texas & Midwest Offices for Performance Brokerage Services were the exclusive advisors for this transaction.
Emily Bourne commented, “It was an honor to represent Tom and Marie Heffernan in the sale of their dealership. After 68 years with the Ford brand and 51 years as a dealer in Lake City, it is truly a privilege to help the Heffernans retire. From our initial conversations, Tom and Marie wanted to ensure we found someone that would take care of their employees and community. We were thrilled to find the perfect buyer with Moneer Nyazi of Mosaic Auto Group.”
Mosaic Auto Group has three dealership locations in Minnesota, including Mosaic Chrysler of Zumbrota, Eide Chrysler Dodge Jeep Ram of Zumbrota, and Mosaic Ford of Lake City. Owner of Mosaic Auto Group, Moneer Nyazi commented, “I enjoyed working with Paul and Emily of Performance Brokerage Services on another acquisition. I purchased my CDJR store from them, and since then, they have known that I hoped to add a Ford store in my market sometime in the future. Tom Heffernan Ford fit my criteria. I look forward to working as a member of the Lake City community and helping carry on the Heffernan’s legacy.”
Tom Heffernan Ford will be renamed Mosaic Ford Lake City and will remain at 310 North Lakeshore Drive in Lake City, Minnesota.
