M&A

After 26 Years, Harley-Davidson of Charlotte in North Carolina Sells with Help from George Chaconas of Performance Brokerage Services



Harley-Davidson of Charlotte in North Carolina


As soon as George mentioned Harley-Davidson of Charlotte, I was very interested and excited to acquire it. – Tim Brown



IRVINE, Calif. (PRWEB)
April 05, 2019

Performance Brokerage Services, a new car and Harley-Davidson dealership broker is pleased to announce the sale of Harley-Davidson of Charlotte in Matthews, North Carolina from Ken Lipack to Tim Brown.

Harley-Davidson of Charlotte was established in the early 1920’s. The dealership underwent many ownership changes and relocations until it was acquired on February 2, 1993 by Ken and Ron Lipack. Ken began his love of motorcycles at age 12 when he rode his first dirt bike. Since graduating college, Ken has only worked in the motorcycle industry pursuing his dream of one day becoming the proud owner of a Harley-Davidson dealership. Ken is a past elected member and President of Harley-Davidson’s Dealer Advisory Council. He has also served for several years on Harley-Davidson’s International Retail 20/20 Dealer Engagement Group and served as a Board Member of the Carolina’s Harley-Davidson Dealer Association. Following the sale of his dealership Lipack commented, “George Chaconas was referred to me by a very close Harley-Davidson dealer friend that he successfully helped sell his dealership. I was not sure if we could get enough money to retire, so George prepared a complimentary evaluation for us and the numbers worked. I called George, we met for lunch, and I hired him. Within 30-45 days, we had multiple offers and went on to negotiate with a well-qualified and motivated buyer. We had a very successful and smooth closing. I want to thank George Chaconas and Performance Brokerage Services for their professionalism, tenacity, commitment, discipline and perseverance to get this deal done for me and my family. We are very happy and look forward to the next chapter in our lives.”

Tim Brown bought Harley-Davidson of Charlotte to expand and grow his group and footprint in the Southeast. Tim currently owns Chrysler Dodge Jeep Ram of Spartanburg, Lake Keowee Chrysler Dodge Jeep Ram of Seneca, Lake Keowee Ford of Seneca, Quality Chrysler Dodge Jeep Ram of Greenwood, Quality Kia of Greenwood and Quality Nissan of Greenwood. In addition to his extensive experience in the automotive industry, Tim is also the owner of Harley-Davidson of Greenville, South Carolina and jumped at the opportunity to acquire another dealership, especially Harley-Davidson of Charlotte. Brown shares, “George Chaconas contacted me about buying another Harley-Davidson dealership in my area. As soon as he mentioned Harley-Davidson of Charlotte, I was very interested and excited to acquire it. I love the brand and the Charlotte market area. As a long-time car guy and a long-time partner with Billy Weaver of Harley-Davidson of Greenville, SC before buying him out, I really wanted to buy another Harley-Davidson dealership. George made the purchase really simple even though it was a very emotional sale for the Lipack family. I really enjoyed working with George and look forward to buying another store with him.”

The dealership will operate under its new name, Independence Harley-Davidson, and will remain located at 9205 East Independence Boulevard in Matthews, North Carolina.

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, “I feel privileged to represent such an iconic business with as much history as Harley-Davidson of Charlotte. It was a pleasure helping the Lipack family with divesting of their dealership and securing enough money to retire and capitalize on their many years of hard work. I would like to congratulate Tim Brown and I am very confident that he will see much success with his acquisition. I look forward to helping him continue to grow his portfolio.”

About Performance Brokerage Services

Performance Brokerage Services, an auto dealership broker, specializes in professional intermediary services to buyers and sellers of automotive, commercial truck, Harley-Davidson and Powersports dealerships.

The company offers a different approach to the automotive, commercial truck, Harley-Davidson and Powersports industries by providing complimentary dealership assessments, no upfront fees, no reimbursement of costs and is paid a success fee only. Performance Brokerage Services gets paid only after the client gets paid.

With over 25 years of experience, the company utilizes an extensive network of industry related accountants, attorneys, hundreds of registered buyers and enjoys longstanding relationships with most of the auto manufacturers and the Harley-Davidson Motor Company. The intermediaries at Performance Brokerage Services have been involved in well over 600 transactions. Pledging loyal and unwavering representation, confidentiality is vigilantly protected during the selling process and after the transaction closes.

With corporate offices in Irvine, California, six regional offices in Utah, Florida, Texas, New Jersey, Alberta and Ontario, a dedicated Harley-Davidson and Powersports Division, and a dedicated Commercial Truck Division, Performance Brokerage Services provides its clients national exposure with local representation. For more information about the services offered by Performance Brokerage Services, visit https://www.performancebrokerageservices.com.


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Prakash Poojary
Business Analyst

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