Performance Brokerage Services Acquires Gengras Volkswagen of Plainville in Connecticut

Strategic Insights -

Performance Brokerage Services, the largest dealership brokerage firm in North America, has announced the purchase of Gengras Volkswagen of Plainville in Connecticut from Gengras Motor Cars Inc to Christopher Tornaquindici and Brian Boland. This acquisition marks a significant milestone for the company, which has advised on the sale of nearly 400 dealerships over the last five years. The deal was facilitated by Performance Brokerage Services' exclusive buy-side advisors, Gershon Rosenzweig, Matt Wilkins, and Jacob Stoehr, who worked collaboratively with the Gengras family to bring the transaction to a smooth conclusion.

Key Takeaways:

  • Performance Brokerage Services has advised on the sale of nearly 400 dealerships over the last five years, making it the highest volume dealership brokerage firm in North America.
  • The company has a 90% closing rate and has sold over 900 dealerships, with a reputation for unmatched ethical conduct and integrity.
  • Gengras Motor Cars Inc operates nine dealerships in Massachusetts, Connecticut, and Vermont, representing multiple brands including BMW, Chrysler, Dodge, Jeep, Ram, Ford, Honda, Subaru, and Volvo.
  • The company employs more than 500 people, with Chip Gengras serving as President and Jonathan Gengras as Chief Financial Officer.
  • Christopher Tornaquindici and Brian Boland, the new co-owners of Gengras Volkswagen of Plainville, bring extensive leadership experience and strategic vision to their new roles.
  • The dealership will be renamed Crew Volkswagen and will remain at its current location in Plainville, Connecticut.

Statistics:

  • 400: The number of dealerships Performance Brokerage Services has advised on the sale of over the last five years.
  • 900: The number of dealerships sold by Performance Brokerage Services.
  • 90%: The company's closing rate.
  • 500: The number of people employed by Gengras Motor Cars Inc.
  • 9: The number of dealerships operated by Gengras Motor Cars Inc in Massachusetts, Connecticut, and Vermont.

Sources:

  • "Performance Brokerage Services Acquires Gengras Volkswagen of Plainville in Connecticut" (Performance Brokerage Services, Inc., 2025)