Key Auto Group Acquires Acura of Reno in Nevada from Brad & Ed Tonkin
December 14, 2022
Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Acura of Reno in Nevada from Brad & Ed Tonkin to Key Auto Group.
Acura of Reno, which offers their customers a variety of world-class automotive services, won the Precision Team Award in 2021. The award is the most prestigious honor that Acura grants to its dealerships and recognizes teams that demonstrate superior achievement.
The seller, Brad Tonkin, was the second-generation owner of Tonkin Automotive Group, a family-run dealer group that was established by his father, Ron Tonkin, in 1960 in the Portland area. Ron Tonkin was a national industry leader who began his career at his own father’s used car lot before launching what became one of the largest dealers in the U.S. The group was acquired by Gee Automotive Company in 2016, which then created one of the largest dealer groups on the West Coast.
“I recommend Performance Brokerage on both the buy or sell side. I have personally known the Stopnitzky family for more than 20 years and have experience with both father and sons – they’re a great family,” said Brad Tonkin. “Performance Brokerage has been a pleasure to deal with in all facets of acquisition or disposition. They are up-front, honest, and stay in constant communication, which is so important to a dealer on either side of the equation.”
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.
“We have been friends with the Tonkin family and their multi-generational dealer group for many years. They are a very special client to our family, and it was an honor to help them with another sale,” said Jason Stopnitzky, the exclusive advisor for the transaction and Co-founder of Performance Brokerage Services. “This is our third transaction with John Leonardi and Key Auto Group. The group has experienced hyper growth in recent years, and it’s only the beginning. I am excited to watch them execute their vision of expanding the Key Auto Group from coast to coast, while operating under the philosophy of offering consumers the highest quality of products and service.”
Key Auto Group, well established in New England, is now expanding into more regions within the U.S. The group has an innovative approach that extends to all aspects of their business, from how they care for their customers to the marketing of their products.
“I just had the pleasure of closing my third transaction with Performance Brokerage Services. I could not be more pleased working with Jason Stopnitzky and his team,” said John Leonardi, CEO of Key Auto Group. “I would not hesitate to engage with Performance Brokerage in the future and recommend them to anyone who is looking to sell or buy a dealership. Never once did I feel lost or out of touch doing a deal across the country. Any question I had was answered almost immediately. They put your interests above their own, treat you like family, and can make a complicated transaction seem easy. They learn who you are first and then bring you what you want to buy, not what they want to sell. These guys are unbelievable and will put in the work to earn your trust. Performance is first on our list and should be first on yours too.”
Key Auto Group strives to put customer service first, which aligns perfectly with what buyers have come to expect at Acura of Reno. The dealership will remain at its current location at 11550 South Virginia Street, Reno, Nevada.