Performance Brokerage Services announced the sale of Sarchione Auto Group, six dealerships in Ohio, to Ken Ganley Automotive Group.
The transaction includes Sarchione Chrysler Dodge Jeep Ram in Dalton, Sarchione Ford Lincoln of Alliance, Sarchione Ford of Randolph, Sarchione Chevrolet of Randolph, Sarchione Chevrolet of Garrettsville, and Sarchione Auto Gallery in North Canton, Ohio.
Over the last five years, Performance Brokerage Services has advised on the sale of nearly 400 dealerships. The transaction was led by Mark Shackelford, Sr. and Mark Shackelford, Jr. of the Midwest Office East, along with Gershon Rosenzweig, Matt Wilkins, and Jacob Stoehr of the Northeast Office. Collectively, they served as the exclusive sell-side advisors to the transaction.
Sarchione Auto Group has been family-owned and operated since 1917. It has five new-car dealerships and one pre-owned dealership across Ohio and represents Chevrolet, Chrysler, Dodge, Jeep, Ram, Ford, and Lincoln. Ken Ganley Automotive Group was founded in 1968 and is headquartered in Broadview Heights, Ohio. It operates more than 50 dealership locations across Ohio, Pennsylvania, West Virginia, and Florida.
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