Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of Universal Tractor Co. in Lakewood, Colorado from the McCarty family to Bob Howard Luxury Auto Group.
IRVINE, Calif., April 3, 2024 /PRNewswire-PRWeb/ -- Performance Brokerage Services, North America's highest volume dealership brokerage firm, is pleased to announce the sale of Universal Tractor Co. in Lakewood, Colorado from the McCarty family to Bob Howard Luxury Auto Group.
Universal Tractor Co. ("UTC") is a factory authorized dealer and distributor for Kubota Tractor Corporation, Land Pride, and MultiQuip Power Generators. The dealership was established by the McCarty family in 1950 and has been at its current location at the foot of the Rocky Mountains in Denver, Colorado since 1967. UTC was founded by Alston and Ann McCarty, who created a legacy business that has remained family-owned and operated for 74 years. It has supported the growing McCarty family, consisting of ten children and twenty-two grandchildren. Ann and Alston's sons, Thomas and Murray McCarty, joined the family business in the late 1960's and early 1980's respectively, taking over leadership in the late 1980's. Thomas serves as President and Murray as Vice President of Sales.
After the sale, the McCarty family shared, "We extend heartfelt gratitude to Pat Albero and the entire Performance Brokerage Services team for their assistance in selling our family's dealership. Throughout the process, Pat and his team provided crucial guidance and strategic advice, demonstrating an unparalleled understanding of the industry. If you're considering selling your dealership and require expert assistance, we wholeheartedly recommend Performance Brokerage Services. Thank you, Pat Albero and the entire Performance Brokerage Services team."
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. Dan Argiro and Patrick Albero, Senior Partners of the Commercial Truck & Equipment Division for Performance Brokerage Services were the exclusive advisors for this transaction.
Pat Albero commented, "I am deeply honored to have advised the McCarty family throughout the successful sale of Universal Tractor. Throughout the entire transaction process, our primary goal was to find a buyer who could not only continue but also uphold the longstanding legacy of this family business, which has been a cornerstone of the Denver market for 74 years. After careful consideration, it became evident that Bob Howard and his team were the ideal fit. Their dedication to excellence and shared values makes them the perfect successors, and we are genuinely excited to witness their growth within the Kubota network. It's truly fulfilling to know that the legacy of Universal Tractor is in capable hands, ensuring its continued success for years to come."
Bob Howard Luxury Auto Group is a full-service luxury car dealership with Mercedes Benz and Volvo dealerships in Oklahoma City, Oklahoma and a Jaguar Land Rover dealership in Clear Lake, Texas. The group was established in 1999 and has remained under its current ownership since inception. Bob Howard, Owner of Bob Howard Luxury Auto Group shared, "It has been an absolute pleasure collaborating with Performance Brokerage Services. This marks our group's first entry into the Kubota network, and we couldn't be more pleased with the outcome. Performance Brokerage Services has proven to be true experts in their field. Their extensive knowledge, wealth of experience, and unwavering professionalism made the acquisition process incredibly smooth and straightforward. Their communication throughout the entire process was nothing short of exceptional, ensuring that we were informed and updated at every stage. I wholeheartedly recommend Performance Brokerage Services to any dealer considering selling their dealership. We eagerly anticipate the opportunity to work with Pat Albero and his team again in the future."
Universal Tractor Co. will be renamed Kubota of Denver and will remain at its current location at 815 Wadsworth Boulevard in Lakewood, Colorado.
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
Patrick Albero, Performance Brokerage Services, 703.937.1004, [email protected], https://performancebrokerageservices.com/
SOURCE Performance Brokerage Services
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