Mike Ratz, Dealer Principal of Logan Motorcycle Sales in Wilkinson, West Virginia and Hatfield McCoy Powersports in Belfry, Kentucky, has passed the torch to Mitch Potter of United Motorsports in a deal brokered by North America’s highest volume dealership brokerage firm, Performance Brokerage Services.
“Our family has been in the powersports business for more than 60 years, and when I decided to sell, I called George Chaconas of Performance Brokerage Services,” said a satisfied Ratz after the sale. “He is very professional, an industry expert and a leader in buy-sells. His team of Courtney Bernhard and Juan Pardo were very instrumental in the successful sale of our dealerships. I would highly recommend them as the best team in the industry to help you buy or sell a powersports dealership.”
“Mike Ratz and his office manager, Shawnda, have become like family over the past 10 years,” adds Chaconas. “As a family business, it was crucial to build trust and collaborate, maximizing the value of their family’s 60-year history in the powersports industry, and successfully closing with the perfect strategic buyer, United Motorsports.”
To say Ratz was a leading dealer in the region is an understatement. He served as President of Logan Motorcycle Sales and Logan Powersports Group since 1964, and President of Hatfield McCoy Powersports since 1966. His past affiliations include 30 years with the National Automobile Dealers Association, the West Virginia Automobile Dealers Association and 10 years on the Polaris Dealer Advisory Council.
Moving forward the dealerships become part of the growing United Motorsports family. Mitch Potter was a professional in the coal industry for 30 years prior to founding his first powersports dealership in 2004, Lexington Motorsports of Kentucky. Since then, he has grown his powersports and RV dealership group to include ten locations in Kentucky, Ohio, and West Virginia, employing over 150 employees.
Over the last 5 years, Performance Brokerage Services has advised on the sale of over 300 dealerships, making it the highest volume dealership brokerage firm in North America. George C. Chaconas, Senior Partner, Courtney A. Bernhard, 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.
Hatfield McCoy Powersports will be renamed United Motorsports and will remain at its current location at 27241 US Highway 119 in Belfry, Kentucky.
