Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Money Subaru in Salina, Kansas from Mike Money to Jason Hoover of Midway Motors.
After the sale, Mike Money of Money Subaru commented, “I met Eric Scott with Performance Brokerage Services a couple of years ago, and when I decided to divest my store, I knew I wanted to reach out to him. The decision to sell wasn’t easy for me, but I was confident that working with Eric Scott was the right choice. With every challenge presented, Eric and the team at Performance Brokerage Services quickly found solutions, ensuring a smooth and seamless process. Working with Eric on the sale of my dealership was a great experience. I’m very pleased with the outcome and highly recommend Performance Brokerage Services to anyone looking to sell their dealership.”
Midway Motors is a growing automotive group located in Kansas. With the addition of Money Subaru, the group consists of six stores, representing Chevrolet, GMC, Ford, Chrysler, Dodge, Jeep, Ram, and Subaru. Jason Hoover, President of Midway Motors, shared, “I had the pleasure of working with Eric Scott from Performance Brokerage Services, who has been sourcing opportunities for us for years. Once we became excited about this deal, Eric acted quickly and was always responsive. His clear communication kept us informed, and his thorough materials made complex details easy to understand. Eric’s proactive approach and dedication to finding solutions stood out. It’s been great working with Performance Brokerage, and I look forward to future opportunities.”
Over the last 5 years, Performance Brokerage Services has advised on the sale of nearly 400 dealerships, making it the highest volume dealership brokerage firm in North America. Paul Kechnie, Senior Partner, and Eric Scott, Partner of the Texas & Midwest Office for Performance Brokerage Services were the exclusive sell-side advisors for this transaction.
Eric Scott stated, “I’ve known Mike Money for a few years, and over that time, we’ve become great friends. So, when Mike called and gave us the opportunity to list his store and help him accomplish his goals, I was truly delighted. We knew it would be a great partnership. It was incredibly rewarding to successfully find the perfect buyer in Jason Hoover and see everything unfold so smoothly. Both Mike and Jason were very professional throughout the entire process, following through with every commitment, which ultimately led to a great transaction. I’m proud to have been a part of helping Mike achieve his goal.”
Money Subaru will be renamed Salina Subaru and will remain at its current location at 2222 South 9th Street in Salina, Kansas.
