Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of Durand Chevrolet in Hudson, Massachusetts to Copeland Auto Group.
IRVINE, Calif., June 28, 2024 /PRNewswire-PRWeb/ -- Performance Brokerage Services, North America's highest volume dealership brokerage firm, is pleased to announce the sale of Durand Chevrolet in Hudson, Massachusetts to Todd Copeland, Glenn Hoffman, and Dawson Luke of Copeland Auto Group.
Durand Chevrolet was established in 1949 by the Durand family and moved to its current location in 1990.
Copeland Auto Group consists of 5 dealership locations in Massachusetts, representing Chevrolet, Subaru, and Toyota. Dealer Principal, Todd Copeland, grew up in the automotive industry. His father, John Copeland, owned his first dealership in 1970, working alongside Todd and managing numerous locations. Todd continues the entrepreneurial pursuit set forth by his father.
Todd Copeland shared, "I'm glad Performance Brokerage Services put me together with the seller. They were very fair and equitable throughout the whole process. Most importantly, Matt Wilkins and Performance Brokerage Services were very responsive whenever I had a question and worked hard to finalize a good deal for two parties. I am already talking with them again about their services with anything that might come up in the future."
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. Gershon Rosenzweig, Senior Partner, Matt Wilkins, Partner, and Jacob Stoehr, Partner of the Northeast Office for Performance Brokerage Services were the exclusive advisors for this transaction.
After the sale, Matt Wilkins stated, "We were honored to work with the owner of Durand Chevrolet and help pass on the legacy built by the Durand family. We couldn't have asked for better individuals to acquire the business than Todd Copeland, Glenn Hoffman, and Dawson Luke. David Turner, Chief Financial Officer of Copeland Auto Group, played an integral role in the process, and made the closing of this transaction feasible. All parties involved worked cohesively together from start to finish, operating with the utmost professionalism and integrity."
Durand Chevrolet will be renamed Copeland Chevrolet Hudson and will remain at its current location 223 Washington Street in Hudson, 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 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
Gershon Rosenzweig, Performance Brokerage Services, 201.338.7993, [email protected], https://performancebrokerageservices.com/
SOURCE Performance Brokerage Services
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