Dealer M&A continues, this time in Pacific Northwest
Time Auto Group and Daniel Crainic have purchased Gresham Chrysler Dodge Jeep Ram in Oregon from Dorian Boyland and Dan Kaiser, according to a news release from Performance Brokerage Services.
Boyland is a former MLB player who founded Boyland Auto Group in 1985 after retiring from baseball two years earlier. Boyland purchased Gresham Dodge in 1985 and the group has since grown to 22 dealerships across six states.
In the news release, Boyland said: “After more than 37 years, more than 20 dealerships, and numerous transactions, I have to admit that none of my opportunities would have been available without the assistance of Moshe Stopnitzky of Performance Brokerage Services. For that, I am truly grateful and blessed to have had him and his company in my life. Every dealership that they presented to me, I bought, and none of these stores were on the market.
“My phone doesn't ring from other dealers offering me an opportunity to purchase their stores. I have relied 100% on Moshe to grow as a dealer and as a person, after years of buying and increasing rooftops,” Boyland said. “Moshe convinced me that it was time to start downsizing before it was too late, and I thank him. He advised me to sell my first dealership, Gresham Dodge, and within a day he had a buyer that was qualified and excited about the purchase. We closed in 120 days with Moshe driving the deal all the way to closing. Boyland Auto Group would not be in existence without Mr. Stopnitzky.”
Meantime, Crainic founded Time Auto Group in 2019. In the news release, he said: “It has been my privilege to work with Moshe and Jason Stopnitzky of Performance Brokerage Services. They are totally committed team players with tons of insight and incredible skills. When the going gets tough, they get going. I thank them so much for the experience, and am looking forward to the next one”