Performance Brokerage Services, the leader in dealership
buy-sell activity, announces the sale of Tom Heffernan Ford in Lake City, Minnesota from Tom and Marie Heffernan to Moneer Nyazi of
Mosaic Auto Group
IRVINE,
Calif., July 22, 2024 /PRNewswire-PRWeb/ --
Performance Brokerage Services, North
America's highest volume dealership brokerage firm, is
pleased to announce the sale of Tom
Heffernan Ford in Lake City,
Minnesota from Tom and Marie
Heffernan to Moneer Nyazi of Mosaic Auto Group.
"Emily
Bourne of Performance Brokerage Services was wonderful. She
is very professional, easy to work with, and made the transaction
process seamless." - Marie
Heffernan, Tom Heffernan
Ford
Tom Heffernan has had a
remarkable tenure with Ford, spanning 68 years. He joined Ford
Motor Company in 1956 and acquired his own dealership, Tom Heffernan Ford, in 1973. Throughout his
career, Heffernan exemplified dedication and expertise in serving
Ford customers and enthusiasts alike.
Following the sale, Marie, Tom
Heffernan's wife, remarked, "Emily
Bourne of Performance Brokerage Services was wonderful. She
is very professional, easy to work with, and made the transaction
process seamless. Everything was very confidential, and until the
final papers were signed, confidentiality was maintained. Emily and
Performance Brokerage Services did an excellent job."
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. 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 this
transaction.
Emily Bourne commented, "It was
an honor to represent Tom and Marie
Heffernan in the sale of their dealership. After 68 years
with the Ford brand and 51 years as a dealer in Lake City, it is truly a privilege to help the
Heffernans retire. From our initial conversations, Tom and Marie
wanted to ensure we found someone that would take care of their
employees and community. We were thrilled to find the perfect buyer
with Moneer Nyazi of Mosaic Auto Group."
Mosaic Auto Group has three dealership locations in Minnesota, including Mosaic Chrysler of
Zumbrota, Eide Chrysler Dodge Jeep
Ram of Zumbrota, and Mosaic Ford
of Lake City. Owner of Mosaic Auto
Group, Moneer Nyazi commented, "I enjoyed working with Paul and
Emily of Performance Brokerage Services on another acquisition. I
purchased my CDJR store from them, and since then, they have known
that I hoped to add a Ford store in my market sometime in the
future. Tom Heffernan Ford fit my
criteria. I look forward to working as a member of the Lake City community and helping carry on the
Heffernan's legacy."
Tom Heffernan Ford will be
renamed Mosaic Ford Lake City and will remain at 310 North
Lakeshore Drive in Lake City,
Minnesota.
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
Paul Kechnie, Performance
Brokerage Services, 512.839.5250,
paul@performancebrokerageservices.com
https://performancebrokerageservices.com
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SOURCE Performance Brokerage Services