Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Caron Chevrolet in Marshall, Michigan from Tim Caron to Ryan DeNooyer.
Caron Chevrolet was founded in 1945 as Tidey Motor Sales. The dealership has been owned and operated by the Caron family for three generations and has upheld a first-class reputation for friendly, honest service in the Marshall, Michigan community.
Following the sale, Tim Caron, President of Caron Chevrolet commented, “Hiring Performance Brokerage Services was by far the best decision I could have made when it was time to sell. I worked with Paul Kechnie who was very assertive when it came to finding a buyer. Once Paul found a perfect buyer, he was invaluable in structuring the deal to maximize my return. As a bonus, I got to know a truly nice guy. I recommend Paul and Performance Brokerage without hesitation.”
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. In 2022, the company consummated 92 transactions, marking a record-breaking year. Paul Kechnie, exclusive advisor for this transaction and Texas & Midwest Senior Partner for Performance Brokerage Services commented, “I am very grateful to have had the opportunity to assist Tim Caron and Ryan DeNooyer. Both of their families have deep roots in the automotive industry, and it was an honor to be a part of this chapter. Tim Caron was gracious and easy to work with, and I wish him a wonderful retirement. Many thanks to Ryan DeNooyer as well, who made this transaction smooth and speedy. I have no doubt that Ryan will continue to serve the Marshall community with the same trustworthiness and pride as Tim.”
The DeNooyer family started out in the automotive industry in 1943, and currently owns and operates four dealerships in Michigan and one dealership in New York as DeNooyer Auto Group. Ryan DeNooyer, Business Manager at DeNooyer Automotive Group, joined the family business in 2008.
DeNooyer stated, “Paul Kechnie of Performance Brokerage Services was instrumental in putting this deal together for us! We met a few years back and detailed our strategy for growth and the areas we wanted to be in moving forward. Paul listened and worked hard to put the pieces in place for both parties. We are grateful to Paul and the seller, Tim Caron, for allowing our group this opportunity to continue the great legacy they have built. The DeNooyer Automotive family is over 80 years old and now in its 4th generation of ownership. We look forward to growing and supporting our employee and customer family while being good stewards of the communities we serve.”
The dealership will remain at its current location at 1201 West Michigan Avenue in Marshall, Michigan and will be renamed DeNooyer Chevrolet.
This transaction was exclusively facilitated by Performance Brokerage Services.