Skip to main content

Powersports Listings M&A Announces the Sale of Fun Bike Center - Flagship Powersports Dealership in San Diego, California

SAN DIEGO, August 6, 2019 (Newswire.com) - ​​​​​​​​​​​​​​​​​Fun Bike Center (FBC) has been owned and operated by the Roundy family since 1972. Darrow Roundy preceded his son and current exiting owner, Gary Roundy, who fully took over the reins in 2007 as the dealer principal. The dealership houses the leading powersports brands of Honda, Yamaha, Kawasaki, BRP, Suzuki, and Textron Off Road from its 60,000 sq. ft. facility in Northern San Diego. After decades of successful operations, Gary's decision to retire came around.  Upon this decision, he reached out to Jerry Szopinski, President of Sales & Networking of Powersports Listings M&A, as the result of recommendations from several industry associates. The Powersports Listings team identified and worked with dozens of interested parties for the physically attractive and profitable enterprise known as Fun Bike Center. As interest was evaluated, Szopinski identified powersports dealership veterans Jerry Gilding and Phil Acton as the lead buyer candidates. Gilding and Acton currently own and operate Temecula Motorsports and East Bay Motorsports in the state of California and have fully taken over the dealership operations of Fun Bike Center, as of Monday, Aug. 5, 2019.  Gilding's Temecula Motorsports operation houses Honda, Yamaha, Polaris, Kawasaki, BRP, Suzuki, and Textron Off Road and is one of the nation's largest volume dealerships.
Gilding and Roundy were big-time rival dealers in the 90s and early 2000s when Gilding was an owner of San Diego House of Motorcycles which was acquired by America's Powersports (APS) where Gilding served as President.  Powersports Listings M&A was able to build a bridge and bring a deal together, despite decades of discord over recruitment of each other's employees and head to head competition on sales deals.  
Gary Roundy noted at the transaction closing, "I was really impressed with the Powersports Listings M&A team as they had the expertise to successfully manage all aspects of my transaction from beginning to end. They proved to be a critical factor not only as to deal mechanics but also the management of personal relationships."
Jerry Gilding and Phil Action further commented, "We appreciated David Clay's and Tom Macatee's contribution in being on-site for the closing process and final reconciliations. Their time and attention made our lives much easier in consummating this complex transaction."
Powersports Listings Mergers & Acquisitions (PLMA), the professional powersports industry dealership brokerage, specializes in intermediary services to buyers and sellers of Harley-Davidson, powersports, RV and marine dealerships. The company is an independent affiliate of the Sunbelt Network, the largest and most professional business brokerage network in the world servicing privately held companies.

Comments

Post a Comment

Popular posts from this blog

  Kentucky dealer expands with acquisition of Gateway Cycles Gateway Cycles, located in Mount Sterling, Kentucky, has been acquired by existing dealership owner Derek Harmon. Harmon owns multiple powersports and outdoor equipment dealerships in Northeastern Kentucky and continues to expand his reach in the powersports industry with this acquisition.   The former long-established owners, Carl and Eileen Rosania, are husband and wife. The Rosania’s have diligently run the dealership for over two decades and have grown it from a small parts and service shop to a renowned major multi-line powersports dealership. The dealership has received multiple Ichiban national dealer awards through Kawasaki and consistently ranks in the top two for its region across all of its product lines. The dealership carries Kawasaki, Suzuki, CFMOTO, SSR-QJMOTOR, Moto Guzzi and Kayo and is located in a nearly 19,000 square foot facility that was originally occupied by a Piggly Wiggly supermarket. From left to ri
Post a Comment
Read more

New Ownership at Gresham Powersports of Gresham, OR

  Powersports Listings Mergers & Acquisitions Announces New Ownership at Gresham Powersports of Gresham, OR PRESS RELEASE   •   JUN 9, 2023 05:00 CDT After 10 years under prior ownership, Gresham Powersports of Gresham, OR, has new ownership for the KTM, Husqvarna, GasGas, Yamaha, and Bad Boy Mowers dealership. GRESHAM, Ore., June 9, 2023 (Newswire.com) -  Power Investments, LLC has acquired Gresham Powersports with principal owners Phillip Saraceno along with his wife Karla Brand-Saraceno. Gresham Powersports boasts a strong brand lineup of KTM, Husqvarna, GasGas, Yamaha, and Bad Boy Mowers and operates from a spacious facility on 1.5 acres in Gresham, Oregon, situated 12 miles east of Portland. Selling owner Nate DeRoss established the dealership in 2013 and grew the business to sales of more than 1,100 combined new and used units per year. Upon the decision to sell the dealership, Nate contacted Mike Pate, Vice President of  Powersports Listings Mergers & Acquisitions (PLMA)
Post a Comment
Read more
  Powersports Listings Mergers & Acquisitions Announces New Ownership at Wild West Harley-Davidson of Lubbock, Texas After 17 years under ownership of Larry Hay, Wild West Harley-Davidson has new owners. PRESS RELEASE     JUN 3, 2022 05:00 CDT LUBBOCK, Texas, June 3, 2022 (Newswire.com) -  Mark Magarian along with the existing  Wild West Harley-Davidson  General Manager Michael Keeton have acquired the assets of Wild West Harley-Davidson of Lubbock, Texas. The Lubbock Harley-Davidson dealership has roots back to the 1950s and has been at its 58th Street address since 1988. Selling owner Larry Hay (a prominent West Texas entrepreneur, investor, and former Mack Truck dealer) acquired the dealership in 2005 and implemented an aggressive expansion doubling the size of the facility to over 32,000 sq. ft. and constructed a massive 1.25 acre all-concrete rider academy lot. Larry's decision to retire from the Harley-Davidson dealership operation was not a quick decision, as in fact he
Post a Comment
Read more