Performance Brokerage Services Announces Sale of Four Tennessee Dealerships

Strategic Insights -

Performance Brokerage Services, a leading dealership brokerage firm, has announced the sale of four dealerships in Tennessee to Jones Motor Company. The dealerships, owned by Foundation Automotive Corp, include Jones Chevrolet Humboldt, Jones Nissan of Savannah, Jones GMC of Savannah, and Jones Chrysler Dodge Jeep Ram of Savannah. This transaction marks the latest in a series of sales advised by Performance Brokerage Services, which has advised on the sale of nearly 400 dealerships over the last 5 years, making it the highest volume dealership brokerage firm in North America.

Key Takeaways:

  • Performance Brokerage Services has advised on the sale of nearly 400 dealerships over the last 5 years, solidifying its position as the highest volume dealership brokerage firm in North America.
  • The company's Southeast Office, led by George Chaconas, Jimmy Robinson, and Courtney Bernhard, served as the exclusive sell-side advisors for the transaction.
  • Foundation Automotive Corp, which operates over a dozen dealerships across Colorado and Texas, has completed the sale to focus on its core group of car stores.
  • Mike McMeeken, Vice President of Corporate Development at Foundation Automotive Corp, praised the Performance Brokerage Services team for their professionalism and dedication to the transaction.
  • Jones Motor Company, established in 1960, has become a trusted family name serving communities across Tennessee with five locations in Savannah and Humboldt.
  • The company represents various brands, including Ford, Chrysler, Dodge, Jeep, Ram, Chevrolet, Nissan, and GMC.

Statistics:

  • Performance Brokerage Services has a 90% closing rate on transactions.
  • The company has sold 900 dealerships over its 30-year history.
  • The sale of the four Tennessee dealerships marks the latest in a series of transactions advised by Performance Brokerage Services.

Sources:

  • Press release issued by Performance Brokerage Services via PRNewswire on July 9, 2025
  • Publicly available information on Performance Brokerage Services and Jones Motor Company