Skip to main content

 

MotoCity Powersports Sold to KG Powersports, LLC After 22 Years of Operation

Phoenix-based dealership transitions ownership, marking a significant milestone in the powersports industry.

Closing day at MotoCity Powersports

MotoCity Powersports, a prominent powersports dealership in the Phoenix metro market, has been sold to KG Powersports, LLC, after 22 years of successful operation under the leadership of son and father, John Jenkins and Wade Jenkins. The transition of ownership marks a significant milestone in the powersports industry, with owners Allan Kaplan and James (Jimmy) Giese of KG Powersports, LLC. Jimmy serves as the onsite operator.

MotoCity Powersports, established in 2003, has been a cornerstone of the Phoenix community, offering a wide range of powersports products from leading manufacturers such as Honda, Kawasaki, Yamaha, Suzuki, KTM, Husqvarna, CFMoto, and Stark. The dealership has built a reputation for excellence, providing top-notch service and a vast selection of vehicles to enthusiasts and families alike.

The dealership operates from an impressive, purpose-built facility spanning approximately 21,000 square feet, situated on two acres of land. The facility includes a spacious 14,000 square foot showroom, which allows for the proper representation of all the dealership's brands. The facility is designed to provide a comfortable and inviting environment for customers, with ample space for both sales and service operations.

John Jenkins and Wade Jenkins, the outgoing owners, expressed their gratitude for the support and loyalty of their customers and employees over the years. "We are proud of what we have built at MotoCity Powersports," said John Jenkins. "It has been a labor of love, and we are confident that KG Powersports, LLC, will continue to provide the same level of service and commitment to the community that we have strived to maintain."

Jimmy Giese, the new onsite operator, is enthusiastic about the future of MotoCity Powersports. "We are honored to take the helm of such a well-respected dealership and proud to carry on with the name MotoCity Powersports," said Giese. "Our goal is to build on the strong foundation laid by John and Wade, and to continue to serve the Phoenix community with the same passion and dedication that has made MotoCity Powersports a leader in the industry."

The sale of MotoCity Powersports was facilitated by Powersports Listings M&A (PLMA). PLMA has been instrumental in dealership transactions for over 24 years, earning a reputation for professionalism, expertise, and a deep understanding of the powersports industry. The company's team of experienced advisors, including CEO Tom Macatee, President of Sales & Networking Jerry Szopinski, Chief Information Officer David Clay, and Vice President Mike Pate, have consistently delivered exceptional results for their clients.

Tom Macatee, Chief Executive Officer of Powersports Listings M&A, commented on the sale. "We are pleased to have played a role in the transition of MotoCity Powersports. The Jenkins family has built a remarkable business, and we are confident that KG Powersports, LLC, will continue to thrive under the leadership of Allan Kaplan and Jimmy Giese."

Comments

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...
  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...
  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...