OUR BLOG

Latest News & Events

Mosaic Auto Group Acquires Zumbrota Ford In Zumbrota Minnesota

Mosaic Auto Group Acquires Zumbrota Ford in Zumbrota, Minnesota from Steve Johnson Family

Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Zumbrota Ford in Zumbrota, Minnesota from the Steve Johnson Family to Mosaic Auto Group.

The Steve Johnson family has owned and operated Zumbrota Ford for more than two decades. With over 50 years of experience in the automotive industry, Steve Johnson is now retiring from the business.

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, Emily Bourne, Partner, and Matt Willis, Partner of the Texas & Midwest Offices for Performance Brokerage Services were the exclusive sell-side advisors for this transaction.

Emily Bourne shared, “It was an honor to represent Steve Johnson and his family in the sale of Zumbrota Ford. After 53 years in the car business, including 26 years owning Zumbrota Ford, it was our pleasure to help Steve reach a well-deserved retirement. This marks our second transaction with Steve, and we sincerely appreciated his trust in us when it came time to exit the business. We are confident the dealership is in excellent hands with Moneer Nyazi and Mosaic Auto Group.”

Mosaic Auto Group has four dealership locations in Minnesota representing Chrysler, Dodge, Jeep, Ram, Chevrolet, and Ford. Owner of Mosaic Auto Group, Moneer Nyazi, commented, “This was my third transaction with Performance Brokerage Services, and once again, Emily Bourne and the team delivered a seamless experience. I value the ability to work directly with the seller to negotiate deal details, and I appreciate that Performance Brokerage Services respects this preference by stepping back and facilitating the process without interference. Their professionalism and flexibility make them a pleasure to work with.”

Zumbrota Ford will be renamed Mosaic Ford Zumbrota and will remain at its current location at 1660 South Main Street in Zumbrota, Minnesota.

Sign up for our newsletter