Skip to main content

Yamaha, Polaris, KTM Dealership in Wenatchee, Washington Gets New Ownership

Powersports Listings M&A announces the purchase of Wenatchee Powersports by Brandon Montgomery of Cle Elum, Washington Motorcycle enthusiast and Seattle area public relations and marketing executive Melanie Wilhoite purchased the Wenatchee Yamaha, Polaris, and KTM dealership in 2014 and it became one of the few woman-owned power-machine dealerships in the Northwest. Melanie believes in creating a great retail experience and this philosophy paid off with steady performance and annualized sales growth of over 15% from the year of acquisition. Having gone through a dealership purchase on the buyer side, Melanie had a firm understanding of the multi-faceted and time-consuming journey ahead upon the decision to pursue her dealership sale. Understanding the great deal of coordination that would be involved between buyer, seller, legal counsel, OEMs and flooring companies, Melanie made the decision to contract with Powersports Listings M&A (PLMA) to be assured that her broker was experienced in selling dealerships with her specific OEMs and floorplan financing companies and understood the timing and processes of all the entities she works with as a franchised powersports dealership. Melanie stated "It’s critical to be able to produce accurate reports that back up the sales price. Being able to show PG&A, detailed new and used unit inventories, accurate payables, receivables, assets, liabilities and equity can make the difference between a deal happening or not. The Powersports Listings team understands this business information and what’s needed to present the dealership in the best light possible." PLMA's marketing efforts identified Brandon Montgomery a construction industry professional and powersports on road, off road, and build enthusiast out of nearby Cle Elum, Washington as a perfect fit for the Wenatchee Powersports purchase. ​​Jerry Szopinski, PLMA President of Sales & Networking, managed the confidential introductions and meetings between the buyer and seller and the deal started to come together. Tom Macatee, PLMA CEO, personally managed the initial offer and purchase agreement negotiations and a formal deal was struck between Melanie Wilhoite and Brandon Montgomery paving the way for the ownership change. David Clay, PLMA CIO, assisted Brandon Montgomery and his partners throughout the OEM application process and business plan construction to assure that time lines remained on track for the targeted closing date with necessary approvals from Yamaha, Polaris, and KTM. Melanie Wilhoite further commented "PLMA took a lot off of my plate and was well worth their success fee. Representation by a broker that understands the business can make the difference between crossing the finish line or breaking down along the way. David Clay flew to the dealership for the closing and assisted on site with the final reports, calculations, and was my liason to the Buyer and attorneys. PLMA GETS IT!"
Brandon Montgomery took over the Wenatchee Powersports dealership operations on Tuesday, November 12, 2019. Brandon Montgomery stated at closing, "I am ecstatic to be the new owner of Wenatchee Powersports. It's a dream come true!"

Comments

Post a Comment

Popular posts from this blog

Powersports Listings M&A Announces New Ownership at Honda East Toledo, Ohio, and the Rise of Adventure Lifestyle as One of the Largest U.S. Powersports Dealer Groups

  Powersports Listings M&A Announces New Ownership at Honda East Toledo, Ohio, and the Rise of Adventure Lifestyle as One of the Largest U.S. Powersports Dealer Groups PRESS RELEASE   •   MAY 15, 2024 05:00 CDT After 37 years under the ownership of Randy and Sheryl Fork, Honda East Toledo has been purchased by one of the largest family owned Powersports dealership groups in the U.S. TOLEDO, Ohio, May 15, 2024 (Newswire.com) -  The sale of Honda East Toledo marks the fourth dealership sale managed by  Powersports Listings M&A (PLMA)  to the Adventure Lifestyle group within the last 18 months. Prior deals include Olive Branch MotorSports in Olive Branch, MS, Tejas Motorsports in Highlands, TX, and Big Easy Powersports in New Orleans, LA. Adventure Lifestyle is a subsidiary of the privately-owned equity management company, The TRNT Group, with focus in eight major business sectors: Powersports Retail, Automotive Retail, Construction Services, Developme...
Post a Comment
Read more
  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. F...
Post a Comment
Read more
  Bobby J's Yamaha of Albuquerque Heir Keith Johnson Expands New Mexico Footprint With Santa Fe Motor Sports Acquisition PRESS RELEASE   •   JUL 11, 2024 05:00 CDT Keith Johnson, owner of the oldest Yamaha dealer in the United States dating back to 1956, paves his way into a new market by acquiring Santa Fe Motor Sports, another success story in powersports dealership transactions managed by Powersports Listings M&A. SANTA FE, N.M., July 11, 2024 -  Powersports Listings M&A announces the acquisition of Santa Fe Motor Sports by Keith Johnson along with his wife Jennifer Johnson, owners of Bobby J's Yamaha of Albuquerque, NM, a revered dealership established in 1956. Bobby J's Yamaha's founder Bob Johnson (Bobby J) raced flat track on Indian® motorcycles in the early 1950's. Following in his footsteps were son, Stan, and nephew Vern Johnson who raced Flat Track all across the U.S. with National recognition. Keith Johnson, son of Stan, raced super...
Post a Comment
Read more