iMotorsports Acquires St. Pete Powersports in Florida
February 27, 2017
iMotorsports, one of the largest pre-owned motorcycle dealers in the country purchased St. Pete Powersports in St. Petersburg, Florida from William Douglas. This transaction was exclusively facilitated by Performance Brokerage Services, Inc.
Official Press Release:
St. Pete Powersports was established in 2006 by William Douglas. It is an award winning Powersports dealership offering new and used vehicles by Indian, Triumph, Victory, Kawasaki, Polaris and Slingshot. Following the sale, William Douglas commented, “Contemplating retirement, I hired Performance Brokerage Services to sell my Powersports dealership. They brought me the perfect buyer and we moved through the process in a timely manner. I want to thank Juan Pardo and George Chaconas for providing their expertise and finding a buyer that could close.”
The buyers, Tim Walters and Haider Saba, co-founded iMotorsports in Elmhurst, Illinois. iMotorsports is one of the largest pre-owned motorcycle dealers in the country. Tim Walters shared, “I have known George Chaconas for a few years and he would always stay in touch with what opportunities were available. When we narrowed down our search to Florida, George’s partner Juan Pardo called about six months later with the perfect fit. Juan was a big help in getting us to the finish line and we’re looking forward to the next one.”
The dealership will operate under its same name of St. Pete Powersports, under the iMotorsports umbrella. It will remain at its current location of 555 34th Street South in St. Petersburg, Florida 33711.
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, “It was a pleasure helping the seller, Mr. Douglas, retire and helping the buyers, Tim and Haider, with expanding their business in Florida as young operators. We wish the seller and buyers great success and happiness.”