Performance Brokerage Services Advises in the Sale of Mike Hale Chevrolet in Park City, Utah
October 4, 2021
We are pleased to announce the sale of Mike Hale Chevrolet in Park City, Utah to Andy Madsen from Mike Hale. This transaction was exclusively facilitated by our Rocky Mountain Partner, John Mecham and his son, Jonny Mecham of Performance Brokerage Services.
Automotive News reported the following on the transaction:
Karl Malone Auto Group of Draper, Utah, bought Mike Hale Chevrolet in Park City on Sept. 15 from Mike Hale. The dealership has been renamed Karl Malone Chevrolet. Hale is retaining Mike Hale Acura in Murray, Utah.
The Chevrolet store is the Karl Malone group’s third dealership in Utah. It owns Karl Malone Toyota in Draper and Karl Malone Chrysler-Dodge-Jeep-Ram in Heber City. Park City is northeast of Draper and north of Heber City.
The Park City dealership marks Karl Malone’s sixth rooftop and second Chevrolet store. In June, the group bought Teague Toyota-Chevrolet and Teague Ford-Lincoln, both in El Dorado, Ark., from Jeff Teague.
With the Arkansas and Park City acquisitions, Karl Malone’s rooftop count has doubled since 2019, when the group bought a Toyota dealership in Ruston, La.