Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Volvo Trucks of Palm Beach, Florida from the DeSanti family to Nacarato Truck Centers.
Volvo Trucks of Palm Beach has been owned and operated by the DeSanti family for over 62 years. Established as a full-line GMC dealership in 1960, the business was awarded the Volvo Truck franchise in 1988, followed by AutoCar in 1998. The dealership moved to a newly built facility in 2002 where it resides today.
Leonard DeSanti, President of Volvo Trucks of Palm Beach, shared, “After decades of operating as a family business, we started to look towards retirement, and wanted a new family to take over and grow the business. We chose Mike Nacarato and the Nacarato Truck Centers team because we felt like they were going to be the best fit for our employees and customers. My brothers and I met with Mike personally just as the process began. Mike and his team have built a great company, and we know our community will benefit from Nacarato Truck Centers as its newest business. Lloyd Baldridge, CFO of Nacarato Truck Centers, has been instrumental in working with our team to ensure a smooth transition. There are many good days ahead for the customers in our area.”
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. In 2021, the company consummated 72 transactions, marking a record-breaking year. This transaction was exclusively facilitated by Dan Argiro and Patrick Albero, the Commercial Truck & Equipment Partners for Performance Brokerage Services. Argiro commented, “It was a pleasure for our team to help the DeSanti family with this transaction. We met Leonard, Robin, and Ted DeSanti late last year to discuss the process of selling their dealership. We worked diligently with them to maximize the value of their dealership and allow them to choose the best buyer to continue the legacy of their family business. Nacarato Truck Centers was the chosen buyer, and we know they will do a great job in the future. The satisfaction we get from this transaction comes from the fact that we were able to help the DeSanti family with their personal and business goals, while protecting the future of their employees with an honorable buyer who will continue their legacy.”
Following the sale, DeSanti commented, “From the first time we met Dan Argiro, Pat Albero, and Alex Argiro from Performance Brokerage Services, we knew we were in good hands. In addition to finding the right buyer, confidentiality was our top concern. Dan and the team worked tirelessly to advise our family on the best steps to take and when to take them. We considered selling the dealership ourselves, but without Performance Brokerage we would not have been able to maximize the value of our dealership, find the right buyer, and run our business, all while protecting confidentiality. We feel like we got the best deal possible for our family business, and we couldn’t have done it without the Performance team. We are elated with the outcome of this transaction and excited to welcome the Nacarato team to Palm Beach. If you are thinking about exploring a sale, my brothers and I would highly recommend calling Dan Argiro and the Performance Brokerage Services team.”
Nacarato Truck Centers is a group of authorized Volvo Truck, Tico Terminal Tractor, Strick Trailers, Dorsey Trailer, and used truck dealerships and Service Centers, serving the Tennessee, Virginia, Southern Kentucky, Maryland, Illinois, and Georgia areas. The company began as a single dealership in Nashville, Tennessee and has expanded to 12 locations, operating under the same moral principles that the group was founded upon. With 46 years in the trucking industry, the company has been led by three generations of the Nacarato family.
Mike Nacarato, President of Nacarato Centers, commented, “The addition of the Palm Beach dealership is a great fit for our company. We look forward to working with the excellent employees at the dealership and know that each of them will play a big part in its continued success. We want to support and enhance our relationships with existing customers and have every intention of introducing ourselves to as many new potential customers as possible in the days ahead. The Nacarato team looks forward to making a positive impact in the Palm Beach community for many years to come. We would like to thank Dan Argiro and his team at Performance Brokerage Services for helping us with this transaction.”
The dealership will remain at its current location at 360 South Military Trail in West Palm Beach, Florida.