This PBS is not the TV broadcast, but it was suited for an episode of Masterpiece Theater as Performance Brokerage Services facilitated the sale of Renegade Harley-Davidson in Springfield, Missouri, from Jeff and Steve Hinchcliff of The H+H Group to Teddy Morse of Ed Morse Automotive Group. “In our strategic decision-making process to consider exiting the Harley-Davidson business in Missouri, there was only one broker we would consider, that was Juan Pardo, George Chaconas, and the Performance Brokerage Services team,” said Hinchcliff after the sale.
“PBS brought us a very qualified buyer, Teddy Morse of the Ed Morse Auto Group. I would like to thank Juan Pardo for his professionalism and perseverance in helping us get the deal to the finish line, and I wish Teddy Morse and his team the best of luck and continued success as they grow their Harley-Davidson dealership portfolio.”
The deal brokered by PBS is one of several they have recently brought to the table for Teddy Morse of the Ed Morse Automotive Group. The group is ranked #53 on the 2024 Automotive News “Top 150 Dealership Groups” based on 2023 new vehicle retail sales and now making similar headlines in the powersports world. Ed’s son, Teddy Morse, serves as Chairman and CEO, continuing the family legacy. Randy Hoffman serves as the Chief Operating Officer, managing the day-to-day operations. Together, Hoffman and Morse oversee the continued expansion of their dealership network.
“We have utilized the services of Performance Brokerage Services several times. When George Chaconas and Juan Pardo bring us an opportunity, we listen,” notes Hoffman. “Performance Brokerage Services knows what we are looking for. They bring value and offerings to our existing portfolio of dealerships that are always worthy of consideration. Performance Brokerage Services has been a vital part of our successful growth.”
Stay tuned! PBS has dialed in the sale of more than 300 dealerships over the past 5 years, making it the highest volume dealership brokerage firm in North America. George C. Chaconas, Senior Partner, and Juan C. Pardo, Partner of the Harley-Davidson & Powersports Division for Performance Brokerage Services were the exclusive sell-side advisors for this transaction.
George Chaconas shared, “I have not only had the pleasure of representing Steve and Jeff Hinchcliff on the acquisition and sale of their four Harley-Davidson dealerships, but I have also represented Teddy Morse of Ed Morse Automotive Group on their acquisitions of three Harley-Davidson and powersports dealerships in Texas. It has been an honor and a privilege to work with both parties over the years. I would like to congratulate Teddy Morse and Randy Hoffman on acquiring another Harley-Davidson dealership through us. I want to personally thank Randy for his professionalism, experience, and ability to work as a team to make this a smooth transaction. I wish both parties huge success and appreciate the opportunity to be of service.”
Renegade Harley-Davidson will be renamed Teddy Morse’s Renegade Harley-Davidson and will remain at its current location at 3980 West Sunshine Street in Springfield, Missouri.
