George C. Chaconas of Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of Patriot Harley-Davidson in Fairfax, Virginia from Sheehy Auto Stores to Paul Veracka.
IRVINE, Calif., March 2, 2023 /PRNewswire-PRWeb/ -- Performance Brokerage Services, North America's highest volume dealership brokerage firm, is pleased to announce the sale of Patriot Harley-Davidson of Fairfax, Virginia from Sheehy Auto Stores to Paul Veracka.
Patriot Harley-Davidson has serviced the Fairfax area for over 20 years. The dealership is well-known within the community for their Ride of the Patriots event, a group motorcycle ride to the nation's capital. Vince Sheehy currently serves as President of Sheehy Auto Stores, which operates over 29 dealerships from Northern Maryland to Virginia.
Following the sale, Sheehy commented, "Seven years ago, I worked with George Chaconas of Performance Brokerage Services when I acquired Patriot Harley-Davidson. After careful consideration, I decided along with my management team that it was time to divest this asset and focus on our automotive group. It only made sense to engage industry experts George Chaconas and his Partner, Courtney Bernhard, to exclusively represent us in the eventual sale of Patriot Harley-Davidson to Paul Veracka. I would like to thank George and Courtney for their professionalism, tenacity, perseverance, and industry knowledge to get this transaction across the finish line. l wish Paul Veracka good luck and immense success!"
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. George C. Chaconas, the exclusive agent for this transaction and the head of the National Harley-Davidson and Powersports Division for Performance Brokerage Services commented, "We have had the pleasure of working with the Veracka family numerous times over the years. We recently sold Paul's father, Dave Veracka, Barney's Motorcycle and Marine, comprised of three dealerships in Florida. We also represented Paul and his brother Michael with their acquisition of BMC Boats in Florida. We are very grateful and proud to announce another transaction with Paul Veracka and his acquisition of Patriot Harley-Davidson in Northern Virginia. This strategic acquisition complements Veracka's dealership, Old Glory Harley-Davidson in Maryland, which we also sold to Paul in 2020. It was a pleasure to work with Vince Sheehy and Paul Veracka on another successful buy-sell transaction, and I thank them for the opportunity to be of service. I wish all parties great success and I look forward to helping the Verackas with their continued expansion."
Paul Veracka is the owner of PVM Enterprises, a large Harley-Davidson dealership group on the east coast, currently operating over ten dealerships. Veracka stated, "After acquiring Old Glory Harley-Davidson of Laurel, Maryland from George Chaconas and Courtney Bernhard of Performance Brokerage Services, we were looking to expand our market in and around the Washington, D.C., metropolitan area. George and Courtney introduced us to Patriot Harley-Davidson which was for sale via Sheehy Auto Stores. The addition of this location to our group made strategic sense for the opportunity to service our clients on both sides of Washington, D.C., and allows us to continue Patriot Harley-Davidson's famous Ride of the Patriots to the nation's capital. I want to thank George and Courtney for their help to get this deal done and look forward to continued growth in 2023."
The dealership will remain at its current location at 9739 Fairfax Boulevard in Fairfax, Virginia.
Vince Sheehy was represented by Cari Lyn Pierce, Esq. from Williams Mullen, LLP in Richmond, Virginia.
Paul Veracka was represented by Mark Petti, General Counsel, and Brent Barry, Chief Financial Officer from The Motorcycle Company, and Ed Gildea, Partner at Fisher Broyles, LLP in Boston, Massachusetts.
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 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 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, plus Alberta and Ontario, Canada, 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
George C. Chaconas, Performance Brokerage Services, 813.569.6250, [email protected]
SOURCE Performance Brokerage Services
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