Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Kia of Grand Rapids in Michigan from Liechty Auto Group to Fox Motors.
Following the sale, E. Scott Anderson, Chief Financial Officer and Chief Operating Officer of Liechty Auto Group remarked, “I had the pleasure of working with Mark Shackelford and Performance Brokerage when we decided to list our dealership, and I couldn’t be happier with the experience. Mark’s responsiveness and dedication were truly impressive. He took the time to understand our dealership’s unique value proposition and worked diligently to find a buyer who recognized its potential. His expertise in the automotive industry was evident throughout the process, and his ability to communicate effectively ensured a smooth transaction. I highly recommend Mark Shackelford for anyone looking to sell their dealership with a professional who truly understands the market and is committed to delivering exceptional results.”
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 2022, the company consummated 92 transactions, marking a record-breaking year. Mark Shackelford, Partner and Paul Kechnie, Senior Partner of the Texas & Midwest Offices for Performance Brokerage Services, were the exclusive advisors for this transaction.
Shackelford commented, “Congratulations to Fox Motors on their new acquisition of Kia of Grand Rapids from Jesse Liechty. It was a pleasure working with both parties, making this a smooth and expedient transaction. The dealership will operate under the new name of Fox Kia North!”
Fox Motors is currently ranked #54 on Automotive News Top 150 Dealership Groups, with new vehicle sales of 14,457 units in 2022. The acquisition of Fox Kia North adds a second Grand Rapids Kia dealership to their portfolio. Fox Kia has been in operation for over 17 years, allowing Fox Motors expertise in the West Michigan market to be utilized at Fox Kia North.
Fox Motors President & Chief Operating Officer, Diane R. Maher, shared, “Our team at Fox Motors greatly appreciated the professionalism and diligence exhibited by the Performance Brokerage Services Team on our recent acquisition of Kia North of Grand Rapids from Liechty Auto Group. This new dealership is an important addition to the Fox Motors portfolio, and we give credit to Performance for making it happen. From the moment the Performance team presented us with this opportunity, we knew we were in good and capable hands. Working with Paul Kechnie, Mark Shackelford and Mark Shackelford, Jr. was a pleasure. We look forward to working with their team again in the future.”
Kia of Grand Rapids, renamed Fox Kia North, will remain at its current location at 4575 Plainfield Avenue NE in Grand Rapids, Michigan. Liechty Auto Group was represented by Jason A. Forbus at Davidson, Davidson, Umbach & Forbus, LLC in Auburn, Alabama.
