Performance Brokerage Services, the leader in dealership
buy-sell activity, announces the sale of Carson Nissan in California from Lithia & Driveway (LAD) to
David Massoudi of Mass Auto
Group.
IRVINE,
Calif., Dec. 6, 2024 /PRNewswire/ -- Performance
Brokerage Services, North
America's highest volume dealership brokerage firm, is proud
to represent Lithia & Driveway (NYSE: LAD) on the sale of
Carson Nissan in Carson, California to David Massoudi of Mass Auto Group.
Lithia & Driveway started from humble beginnings when
Walt DeBoer founded a
Chrysler-Plymouth-Dodge dealership in Ashland, Oregon in 1946. Walt's son,
Sid DeBoer, transformed the
dealership group into Lithia Motors, Inc., a publicly traded
company in 1996. Now a third-generation company, Lithia &
Driveway is run by Sid's son, Bryan
DeBoer, CEO & President, and ranked #1 on the 2024
Automotive News Top 150 Dealership Groups based on 2023 new vehicle
retail sales units.
Director of Network Development for Lithia & Driveway,
Matt Whitmer commented, "When we
decided to divest our Carson Nissan
dealership, Jason Stopnitzky at
Performance Brokerage Services helped us quickly identify a
qualified buyer. Jason genuinely cares about his clients, which was
apparent through the support he provided. Jason is an excellent
communicator and kept everyone informed and engaged throughout the
process. We look forward to working with Jason and the entire team
at Performance Brokerage Services again in the future."
Mass Auto Group operates six dealerships across Southern California, representing Nissan,
Chrysler, Dodge, Jeep, and RAM. David
Massoudi, President of Mass Auto Group shared, "Honesty,
knowledge, and integrity are very important attributes one must
have in any business. I have worked with Jason Stopnitzky on several deals, and it has
truly been a pleasure working with him on every level. He
anticipates every element of a deal and addresses them in advance
in an incredibly honest and seamless way. I will continue to work
with him on my future deals. It's been a great experience working
with Performance Brokerage Services and I would recommend this
company regardless of whether you are on the buyer or seller
side."
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. Jason Stopnitzky,
Co-Founder of Performance Brokerage Services was the exclusive
sell-side advisor for this transaction.
Jason Stopnitzky commented, "This
marks our second transaction with David
Massoudi and Mass Auto Group in 2024, as well as our second
dealership sale for Lithia & Driveway this year. It has been a
privilege to work alongside such dynamic teams, and this deal
further strengthens our longstanding relationships with both Lithia
and Mass Auto Group. With more than 30 successful transactions
completed with Lithia over the years, we remain committed to
delivering exceptional value and strategic opportunities for our
clients."
Carson Nissan will remain at its
current location at 1505 East 223rd Street in Carson, California.
About Performance Brokerage Services
Performance Brokerage Services, Inc. is North America's highest volume dealership
brokerage firm, specializing in buy-sell activity for automotive,
RV, commercial truck, powersports, and equipment dealerships.
With over 30 years of experience, 900 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 value with no upfront fees or retainer, no
reimbursement of costs, and paid a success fee only after the
transaction closes.
Headquartered in Irvine,
California, and supported by 9 regional offices in
Utah, Texas, Illinois, Florida, Virginia, Ohio, New
Jersey, Alberta and
Ontario, 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 various vehicle manufacturers.
For more information about the services offered by Performance
Brokerage Services,
visit https://performancebrokerageservices.com.
Media Contact:
Jesse Stopnitzky, Co-Owner
(949) 309-2851
jesse@performancebrokerageservices.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/performance-brokerage-services-represents-lithia--driveway-lad-on-the-sale-of-carson-nissan-in-california-302324508.html
SOURCE Performance Brokerage Services, Inc.