Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of H & J Chevrolet in Kerman, California from Rick and Mike Teixeira to Jay and David Gill of Gill Automotive Group
IRVINE, Calif., April 3, 2023 /PRNewswire-PRWeb/ -- Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of H & J Chevrolet in Kerman, California from Rick and Mike Teixeira to Jay and David Gill of Gill Automotive Group
Performance Brokerage Services, North America's highest volume dealership brokerage firm, is pleased to announce the sale of H & J Chevrolet in Kerman, California from Rick and Mike Teixeira to Jay and David Gill of Gill Automotive Group.
H & J Chevrolet has been a family owned and operated fixture in the community of Kerman, California for over 57 years since founded by John Teixeira. John's sons, Rick and Mike eventually took over the family business and have since upheld their father's legacy of outstanding customer service and integrity. H & J Chevrolet is one of a few dealerships to receive a highly prestigious 50-Year Service Award from General Motors for exceptional service and goodwill in their community.
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. Jason Stopnitzky, the exclusive agent for this transaction and the Co-Founder of Performance Brokerage Services commented, "I am so proud to have been selected by Rick and Mike Teixeira of H & J Chevrolet in Kerman, California to guide them through the process of selling their family business after over five decades. Rick and Mike are truly some of the finest people I ever had the pleasure to work with during my 25-year career selling dealerships. What also makes this transaction so special to me was the gentleman sitting on the other side of the table, Jay Gill. Jay has done so much good for the Kerman community, and even as Gill Automotive Group expands with stores in much larger markets, Kerman has and always will be home for Jay and his family. Jay is going to bring his team and the horsepower needed to take this dealership to the next level, while preserving the H & J family legacy and treating customers the same way the Teixeira family has for 57 years. What makes this transaction truly exceptional is that Jay's nephew, David Gill, is now a Partner in his first new car dealership. Jay has accomplished more than he ever dreamed possible, and this is just the beginning for David and his family. I am so excited for Jay, David and the Gill family!"
Jay Gill, President and CEO of Gill Automotive Group, was born in India and migrated to the United States with his family at the age of 8. After his arrival, Gill spent many of his childhood days picking fruits and vegetables alongside his family as a hired hand on a farm. At the time, Gill never imagined that one day he'd be living the American Dream, running a large and profitable automotive group.
Gill began his career in the automotive industry in his early twenties when he took a position selling used cars. He quickly discovered that he enjoyed the business and had a knack for selling vehicles. Gill eventually transitioned to becoming a dealership owner when he established Gill Automotive Group in 1997. Gill's business savvy and dedication allowed him to successfully grow his company over the next 25 years. With the acquisition of H & J Chevrolet, Gill Automotive Group currently operates 10 dealerships, with 9 in Northern & Central California and one dealership in Hawaii.
Jay Gill's nephew, David Gill, also entered the auto industry with tremendous ambition. In 2016, David independently established a used car dealership, Auto Dealz of Fresno, and quickly managed to drive retail volume to over 1,000 units a year. David's success caught the attention of General Motors and he gained approval as a new car dealer after attending the General Motors Holding Academy. David Gill will now apply his experience as a first time co-owner, and operate H & J Chevrolet alongside his industry veteran uncle.
Jay Gill stated, "Let me start off by saying that I have known Jason Stopnitzky for over 20 years and even though this was my first transaction with him, he has always been a friend and someone who has guided me to make good decisions for my organization. Jason always gives the best advice in the automotive industry without any personal interest. I am proud and honored to have acquired H & J Chevrolet through Jason and Performance Brokerage Services. Throughout this entire transaction, Jason has been incredibly professional and has operated with the highest integrity. Jason made the entire transaction seamless and always gave his unbiased opinion to both parties. I am proud to call Jason Stopnitzky my friend and hope to do many more transactions with him. I truly value his role in a very complicated industry. I recommend anyone buying or selling to give Jason an opportunity to represent them. They will not be disappointed. When Jason and Performance are involved in a deal, the OEMs know that he's already done the hard work and the deal is solid because he has vetted the buyer and seller to make sure they're a good match. Thank you again to Jason for his valued service. I look forward to working with Performance Brokerage Services on many more deals."
The dealership will remain at its current location at 14680 West Whitesbridge Avenue in Kerman, California and will be renamed Gill Chevrolet of Kerman.
Jay and David Gill were represented by the Law Offices of William F. Ghiringhelli in Dublin, California.
Rick and Mike Teixeira were represented by Charles D. Melton, Esq. in Bakersfield, 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 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, 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
Jason Stopnitzky, Performance Brokerage Services, Inc., 949.309.2815, [email protected]
SOURCE Performance Brokerage Services, Inc.
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