Performance Brokerage Services, a new car and Harley-Davidson dealership broker is pleased to announce the sale of St. Paul Harley-Davidson in Saint Paul and Wild Prairie Harley-Davidson in Eden Prairie, Minnesota from Tom and Melanie Giannetti to Dale Rhoads.
St. Paul Harley-Davidson was established in 1945 by Howard Belmont, a local motorcycle enthusiast. With Belmont at the helm, the business was highly successful and well recognized within the community for nearly 40 years. Belmont sold the dealership in 1981 and passed away in 1989. In 1999, Tom and Melanie Giannetti purchased the dealership and grew it significantly to become the highest volume dealer in the Twin Cities area. The largest fundraiser held by St. Paul Harley-Davidson is the Annual Lightning Run – Biker’s Against Diabetes, which helps to fund the Diabetes Institute for Immunology and Transplantation at the University of Minnesota. From 2000 to 2008, St. Paul Harley-Davidson and its Annual Lightning Run had raised over $1,500,000.
It was a very difficult and emotional transaction. George Chaconas became my trusted advisor and at times my emotional support.
Wild Prairie Harley-Davidson was established in 2008 in Eden Prairie boasting a 33,000 square foot facility.
Following the sale, Giannetti shared, “It was a very difficult and emotional transaction. George Chaconas became my trusted advisor and at times my emotional support. I made the right decision to hire Performance Brokerage Services, as George and I became friends throughout the sale. I am very grateful that I can retire knowing George helped me and my family move forward to the next chapter of our lives. I would highly recommend George Chaconas when the time comes for you to retire!”
The buyer, Dale Rhoads, is a highly experienced Harley-Davidson dealer owning and operating numerous dealerships throughout Minnesota, Oklahoma and Kansas.
The dealerships will remain at their current locations at 2899 Hudson Road in Saint Paul and 12480 Plaza Drive in Eden Prairie.
George C. Chaconas, the exclusive agent for this transaction and the head of the National Harley-Davidson and Powersports Division for Performance Brokerage Services commented, “The Giannetti family worked hard to build one of the more reputable and respected Harley-Davidson dealerships I have ever had the privilege of engaging. It brought me great pleasure to have been a part of their family’s history and to have assisted with Tom and Melanie’s retirement. I wish them an enjoyable retirement and thank them for the business.”
