Skip to main content

 

Powersports Listings Mergers & Acquisitions Announces New Ownership at Cape Cod Harley-Davidson in Pocasset, MA

Powersports Listings Mergers & Acquisitions (PLMA) (powersportslistings.com), the professional powersports industry dealership brokerage, specializes in intermediary services to buyers and sellers of Harley-Davidson, Powersports, RV, Green Industry Implement, and Marine dealerships. PLMA announces the closing of the asset sale and ownership transfer of CAPE COD HARLEY-DAVIDSON (Pocasset, MA)

PRESS RELEASE  UPDATED: SEP 24, 2020 04:00 CDT
Cape Cod Harley-Davidson

POCASSET, Mass., September 24, 2020 (Newswire.com) - Cape Cod Harley-Davidson (CCHD), as its name implies, is located in the beautiful Cape Cod region of coastal Massachusetts. CCHD’s main location sits in the Pocasset village-town of Bourne (the Upper Cape) considered the gateway to Cape Cod. This main location sells and services the full line-up of new Harley-Davidson motorcycles, used motorcycles, genuine H-D parts, accessories, and motorclothes. The operation also includes a seasonal Alternate Retail Outlet (“ARO”) in nearby Hyannis, an approximate 25-mile drive from the main location selling licensed Harley-Davidson apparel and other collectibles.

The former owners having purchased the dealership circa 2006, came to a decision in 2019 to focus on other investments and contacted Powersports Listings M&A (PLMA) to confidentially market the business and manage the transaction. PLMA's Jerry Szopinski, President of Sales & Networking, and Jenny Fox, Account Intermediary, led the marketing effort which identified Michael Keehan (Mike), an accomplished Harley-Davidson dealership operator in the state of Connecticut, as a viable suitor. Mike was in the process of selling his own partnership interest in his CT dealership which allowed him to focus full time on the Cape Cod acquisition along with new business partners Ron Gronback, the president and CEO of a CT based Aerospace Component Manufacturer and Robert Szymanowski, former CT GM and current partner in Cape Cod.

The buy-sell transaction was closed on Tuesday, Sept. 15, 2020, with the help of David Clay and Tom Macatee of Powersports Listings M&A on-site at the dealership to assist with final reconciliations and construction of the closing statements. Mike's first day of operations as the new owner kicked off on Wednesday, Sept. 16. 

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