Ross Automotive Group has sold its Ross Nissan of El Monte to Martin Management Group. The deal was announced in a news release Thursday by Performance Brokerage Services, which represented Ross Automotive Group in the sale.
The group includes three stores in Southern California: Ross Ford of Montebello, Covina Hills Chevrolet and Chevrolet of Puente Hills.
Meantime, Martin Management Group includes a mix of franchised dealerships and Harley-Davidson stores in Kentucky, Ohio, West Virginia, South Carolina, California and Tennessee.
Jim Ross founded the dealership group bearing his name back in 1979 and is its president.
“From the first call I made to Jason Stopnitzky, I knew we had a connection,” Ross said in a news release, referring to the co-founder of Performance Brokerage Services and the exclusive agent for the deal.
“Once we put the deal on paper, he actually worked the deal, and made it all come together the way I thought it should. It’s people like Jason that make this world a better place. Thank you to Jason and his team at Performance Brokerage Services for making this a great situation on my end, and a great deal for the buyer with this Nissan franchise. I appreciate all they did to put this deal together and I would recommend them to anyone who wants to sell their franchise.”
Chad Martin is the president of Martin Management Group. In the release, he said: ““Our group had a great experience with Performance Brokerage Services. Jason Stopnitzky and his team know the automotive market extremely well. From the dealers, to the OEMs, to the attorneys, this is an extremely well-respected brokerage firm that goes above and beyond to communicate and get deals closed quickly and accurately. In a business where time is of short supply, the high level of service offered is greatly appreciated.”
Stopnitzky said: “Transactions of this magnitude are complex by nature. Both principals managed to make the process seamless, and frankly, enjoyable. It was a privilege to represent Mr. Ross, who has been in the industry for more than 40 years and built a terrific reputation. Both gentlemen were an absolute pleasure to work with.”