Performance Brokerage Services Advises on the Sale of Ultimate Subaru and Ultimate Buick GMC of Fredericksburg, Virginia to Sheehy Auto Stores

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“We worked with George Chaconas of Performance Brokerage Services to find the right opportunity in the right market. After many inquiries, George identified a dealer who was interested in selling and worked with both parties to ensure a smooth transaction.” Vince Sheehy

Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Ultimate Subaru and Ultimate Buick GMC of Fredericksburg, Virginia from Randy Harris to Vince Sheehy of Sheehy Auto Stores.

Randy Harris has always had a passion for helping others. He serves on the Board of Governors for The Community Foundation, and actively participates in numerous organizations for his local community, as well as the automotive industry. He has carried this passion into his dealerships where he serves as a steward to his employees and leads by example. The numerous positive reviews from past customers show the pride that Harris and his team have demonstrated in their customer service.

Following the sale, Harris commented, “I met George Chaconas of Performance Brokerage Services many years ago when I was looking to expand my portfolio. We developed a good relationship and he continued to stay in touch over the years, eager to assist when the time was right to exit. He reached out at the right time with a very qualified buyer. After telling George to ‘show me the money’, we had smooth negotiations. Thanks to George Chaconas, I now get to travel as much as I like!”

Over the last 5 years, Performance Brokerage Services has advised on the sale of over 250 dealerships, making it the highest volume dealership brokerage firm in North America. In 2021, the company expects to consummate over 70 transactions, marking a record-breaking year. George C. Chaconas, the exclusive agent for this transaction and the Southeast Partner for Performance Brokerage Services commented, “I have had the pleasure of knowing Randy Harris for almost 6 years. After visiting him at his store in Fredericksburg, I knew he would consider selling one day. I reached out to Randy on behalf of Vince Sheehy of Sheehy Auto Stores since I previously helped Vince acquire Ron Rosner’s Toyota stores in Fredericksburg and Stafford. Eventually, through a lot of persistence and follow-up, Randy agreed to consider selling and was very comfortable and open when speaking to Vince. We soon agreed on a price and terms acceptable to all parties. Through a challenging closing process due to the pandemic and a slow buy-sell approval from the manufacturer, we were very grateful to finally get to the closing table. I wish Randy the best in his retirement, although he mentioned he still has a few years left in the automotive industry. It has been an honor and privilege to work with Vince and his team at Sheehy Auto Stores to help them acquire another strategic dealership in their existing market and continue to grow their footprint.”

Sheehy Auto Stores began as a small family-owned Ford dealership in 1966. After 55 years, their vision remains the same, “No Haggle, No Hassle, Sheehy Easy Price”. Sheehy Auto Stores serves Maryland and Virginia areas with franchises such as Honda, Nissan, Lexus, INFINITI, Toyota, Volkswagen, Hyundai, Mazda and Harley-Davidson. Their customer-centered approach, with excellent performance in Sales and Service, have earned Sheehy Auto Stores some of the top recognitions in the industry, including: all Ford stores are Blue Oval certified, the Glen Burnie and Manassas stores have earned Nissan’s Owner First Award for achievements in customer satisfaction, the Lexus store is an Elite of Lexus Award winner (the highest award given out by Lexus), the Honda store is a past President’s Award winner, and the Infiniti of Annapolis store is an Excellence winner.

Sheehy Auto stores supports various organizations throughout the greater Washington D.C., Baltimore, Hagerstown and Richmond areas. The ‘Sheehy Cares’ program is no doubt a true blessing to any community that Vince Sheehy and his team become part of.

Sheehy commented, “In preparing to look for additional growth opportunities, we worked with George Chaconas of Performance Brokerage Services to find the right opportunity in the right market. After many inquiries, George identified a dealer who was interested in selling and worked with both parties to ensure a smooth transaction. Throughout the process, George was engaged and willing to do whatever was needed bring the deal to a close.”

The dealerships will remain at their current locations at 5150 and 5160 Jefferson Davis Highway in Fredericksburg, Virginia.

Randy Harris was represented by Michael G. Charapp, Esq. of Charapp & Weiss, LLP

Sheehy Auto Stores was represented by Donald Markle, Esq. of Surovell Isaacs & Levy PLC

About Performance Brokerage Services

Performance Brokerage Services, Inc. is the nation’s highest volume dealership brokerage firm, specializing in buy-sell activity for automotive, commercial truck, motorcycle, RV and equipment dealerships.

With over 25 years of experience, 700 dealerships sold and a 90% closing rate, the company’s reputation is unmatched and governed by the utmost ethical conduct and integrity.

The company offers a unique approach by providing complimentary estimates of vale with no upfront fees, no reimbursement of costs and paid a success fee after the transaction closes.

Headquartered in Irvine, California, and supported by 5 regional offices in Utah, Florida, Texas, Virginia and New Jersey, clients benefit from national exposure with local representation.

As trusted and respected experts in the field, the company utilizes an extensive network of industry related attorneys, accountants, hundreds of registered buyers, and longstanding relationships with most of the auto manufacturers.

For more information about the services offered by Performance Brokerage Services, visit https://performancebrokerageservices.com.

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