Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Gregg Young Ford Ottumwa in Iowa from Gregg Young Automotive Group to Vaughn Automotive.
Gregg Young Automotive Group is proudly celebrating 25 years of serving the Midwest. With over a dozen locations across Wisconsin, Iowa, and Nebraska, the group has established a strong regional presence.
Gregg Young, President and Owner, began his automotive career more than 30 years ago as a used car salesperson. He quickly rose through the ranks to become a General Sales Manager, and after gaining a deep understanding of the industry, went on to become a dealer. In recognition of his leadership and accomplishments, Young was nominated for the prestigious Time Dealer of the Year Award in 2016.
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 advisors for both the seller and buyer for this transaction.
Matt Willis shared, “I’ve had the pleasure of working with Gregg Young and his team over the years, and they’ve built something truly impressive. It’s always rewarding to help a client successfully transition a store they’ve put so much into. On the other side, working with Vaughn Automotive, a business with such a long-standing commitment to Ottumwa, made this an ideal match. I’m proud we could bring these two respected groups together and be part of a deal that benefits both the community and the industry.”
Vaughn Automotive has served the Ottumwa community for over 90 years. Originally established as a Chevrolet dealership in 1934, the business expanded to include Cadillac in 1941 and later added the full lineup of General Motors brands in 1987. In 1985, Vaughn Automotive further broadened its offerings by adding all Chrysler franchises. Today, the group operates three dealerships in Ottumwa, Iowa, representing Chevrolet, Cadillac, Buick, GMC, Chrysler, Dodge, Jeep, Ram, and Ford.
Gregg Young Ford Ottumwa will be renamed Vaughn Ford Ottumwa. The Ford inventory will be relocated to 1323 Vaughn Drive in Ottumwa, Iowa while construction begins on a new showroom and service department, expected to be completed within the next three years.
