Morgan Auto Group Sells Brandon Mitsubishi
December 2, 2020
We are pleased to announce the sale of Brandon, Mitsubishi in Tampa, Florida from Morgan Auto Group to Brandon M Automotive Management Group, LLC
Brandon Mitsubishi owned by Morgan Auto Group was part of Larry Morgan’s 40 plus dealerships he owns which features brands such as Ford, Lincoln, Kia, Toyota, Honda, Buick GMC, BMW, Mercedes, Mazda, Nissan, Chevrolet, Chrysler, Dodge, Jeep, Ram, Volkswagen, Mitsubishi, Lamborghini, Hyundai, Jaguar, Land Rover, or MINI, you’ll be able to find it at one of his dealerships. Recognized in 2008 by Toyota and Time Magazine for his success in sales, customer service, and charitable work in the community, it is no wonder that Tampa Bay CEO Magazine called him one of the Top 100 Most Influential Business Leaders in 2009. Following the sale, Morgan commented, “George Chaconas and his associate Courtney Bernhard of Performance Brokerage Services effectively transitioned a buyer with zero new dealership experience thru the process and an on time, no hassle closing.”
Over the last 5 years, Performance Brokerage Services has represented for sale over 250 automotive and motorcycle dealerships making it the highest volume automotive and motorcycle dealership brokerage firm in North America. George C. Chaconas, the exclusive advisor for this transaction and the Southeast Partner for Performance Brokerage Services commented, “In my 20 years of brokering car stores, nothing gives me more pleasure than helping first time, new car franchise buyers acquire their first store. The buyers came to Performance Brokerage Services after researching the top brokerage firms. They had been looking for the right opportunity and the Morgan Auto Group was looking to divest this asset. With the diligence of the Morgan Auto Group, the General Counsel Travis Santos and Mr. Morgan, we were able to negotiate a fair, quick deal and get the manufacturer approval. We wish them great success and thank Mr. Morgan for the opportunity to be of service.”
Brandon M Automotive Group, LLC is owned by David Argy, Lior Argy, Mordi Kislasi, and Yossef Cohen and their background is in independent automotive sales. Lior Argy stated, “Looking to buy our first new car franchise dealership, we reached out to George Chaconas at Performance Brokerage Services. Gorge and his associate Courtney Bernhard were very professional, knowledgeable, and helpful in acquiring Brandon Mitsubishi from the Oregon Auto Group. There were many moving parts that they helped us navigate through successfully until closing. We were extremely excited and happy to be a new car dealer. Thank you very much to George and Courtney and we look forward to buying our next store with you!”
The dealership will remain at its current location at 9905 E Adamo Dr Tampa, Florida until further notice.
The seller was represented by Travis Santos, General Counsel of Morgan Auto Group.
The buyer was represented by Alex Kurkin, Esq. of Kurkin Forehand Brandes LLP.