Skip to main content


Powersports Listings Mergers & Acquisitions Announces New Ownership at Wild West Motorsports-Greeley Harley-Davidson in Greeley, Colorado

Powersports Listings Mergers & Acquisitions (PLMA) (powersportslistings.com) assists the Elway Dealer Group (the company of NFL football legend and leading American auto dealer John Elway) in the purchase of the assets of its third Powersports Dealership - Wild West Motorsports-Greeley Harley-Davidson

PRESS RELEASE  DEC 10, 2021

From left: Bill Johnsen, Steve "Ris" Risdal, Michael Maledon

GREELEY, Colo., December 10, 2021 (Newswire.com) - Elway Powersports has purchased Greeley Harley-Davidson-Wild West Motorsports, which marks its third powersports acquisition this year. Greeley Harley-Davidson-Wild West Motorsports hosts a compelling brand line up of Harley-Davidson, Honda, Polaris, and Yamaha on a single flagship complex in Greeley, Colorado.  With roots dating back to 1968, the dealership has over 50 years of history in Northern Colorado and has been under the ownership of Steve Risdal 'Ris' since 2002.

Upon Steve Risdal's decision to retire, he enlisted the services of Powersports Listings M&A (PLMA), who produced several interested candidates for the dealership. The cream soon rose to the top with the John Elway Dealership Group (Elway) as Michael Maledon, President of Elway Powersports, and business partner Bill Johnsen ran the ball on the purchase opportunity of the 48,000 sq. ft. showplace on over 4 acres along US Hwy 34. 

Michael Maledon commented: "When we heard 'Ris' was planning his retirement, we jumped at the opportunity. This is a great addition that will complement our other two powersports dealerships in Northern Colorado. By adding Harley-Davidson, Polaris, and Yamaha, Elway Powersports now represents eight of the top brands in the industry. Moreover, similar to our previous two acquisitions, we inherit a terrific staff of people."

Mr. Risdal commented: "Everyone I've met on the Elway team has impressed me. It's a class organization, and it alleviates a great deal of stress knowing my employees of nearly 20 years remain in great hands!"

The buy-sell transaction closed on Tuesday, Dec. 7, 2021, with on-site help from Tom Macatee, David Clay, and Mike Pate of the PLMA organization and the Elway Dealer Group company took over operational control as Elway Powersports, LLC the same day. 


https://powersportsbusiness.com/top-stories/2021/12/14/elway-group-acquires-first-harley-davidson-dealership/


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