Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is proud to represent Lithia & Driveway (NYSE: LAD) on the sale of North Branch Chevrolet in North Branch, Minnesota to Tyler Kadlec of Tom Kadlec Automotive.
Lithia & Driveway started from humble beginnings when Walt DeBoer founded a Chrysler-Plymouth-Dodge dealership in Ashland, Oregon in 1946. Walt’s son, Sid DeBoer, transformed the dealership group into Lithia Motors, Inc., a publicly traded company in 1996. Now a third-generation company, Lithia & Driveway is run by Sid’s son, Bryan DeBoer, CEO & President, and ranked #1 on the 2024 Automotive News Top 150 Dealership Groups based on 2023 new vehicle retail sales units.
Director of Network Development for Lithia & Driveway, Matt Whitmer commented, “When we decided to divest of our North Branch Chevrolet store, we reached out to Matt Willis at Performance Brokerage Services for assistance in finding a qualified buyer. From start to finish, he provided exceptional support in finding the right buyer, Tyler Kadlec. His communication was always clear, consistent, and proactive, ensuring that the deal stayed on track and allowing us to meet our targeted closing date. We look forward to working with Matt and the entire team at Performance Brokerage Services again in the future.”
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. Paul Kechnie, Senior Partner, and Matt Willis, Partner of the Texas & Midwest Offices for Performance Brokerage Services were the exclusive sell-side advisors for this transaction.
Tom Kadlec Automotive is a family-owned and operated business that has been proudly serving the Rochester, Minnesota community since 1979, representing Honda and Kia. Now, they are expanding their reach with the acquisition of North Branch Chevrolet. Tyler Kadlec, Chief Operating Officer at Tom Kadlec Automotive shared, “Acquiring North Branch Chevrolet marked an exciting new chapter for our family, and we couldn’t have done it without the outstanding support of Matt Willis at Performance Brokerage Services. His professionalism and expertise were evident from the start, ensuring a smooth and straightforward process. What truly stood out was his trustworthiness. Matt was transparent, honest, and always available to answer questions or provide guidance. His unwavering focus on our goals gave us confidence every step of the way. We are deeply grateful to Matt for his hard work and dedication throughout this journey. We wholeheartedly recommend his services to anyone looking to buy or sell a dealership.”
North Branch Chevrolet will be renamed Tom Kadlec Chevrolet and will remain at its current location at 38420 Tanger Drive in North Branch, Minnesota.
