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CHANGING HANDS

  • Dealernews
  • May 29, 2019

 

After 26 years of serving Carolina customers, Performance Brokerage Services announces the sale of Harley-Davidson of Charlotte in Matthews, North Carolina from Ken Lipack to Tim Brown. Established in the early 1920’s, the dealership underwent a number of ownership changes and relocations before it was bought by Ken and Ron Lipack on February 2, 1993. Ken began his love of motorcycles on a dirtbike at age 12 and worked in the motorcycle industry since graduating from college, pursuing his dream of one day owning a Harley-Davidson dealership. 

Harley dealers will know Ken as a past member and President of Harley-Davidson’s Dealer Advisory Council. He has also served for several years on Harley-Davidson’s International Retail 20/20 Dealer Engagement Group and served as a Board Member of the Carolina’s Harley-Davidson Dealer Association. After achieving his life long goal of being a dealer and ready to retire, Lipack was looking for an exit strategy. “George Chaconas was referred to me by a very close Harley-Davidson dealer friend that he successfully helped sell his dealership. I was not sure if we could get enough money to retire, so George prepared a complimentary evaluation for us and the numbers worked." 

"I called George, we met for lunch, and I hired him. Within 30-45 days, we had multiple offers and went on to negotiate with a well-qualified and motivated buyer. We had a very successful and smooth closing. I want to thank George Chaconas and Performance Brokerage Services for their professionalism, tenacity, commitment, discipline and perseverance to get this deal done for me and my family.”

"A a long-time partner with Billy Weaver of Harley-Davidson of Greenville, SC before buying him out, I really wanted to buy another Harley-Davidson dealership," says new owner Tim Brown. "I love the brand and the Charlotte market area. George Chaconas made the purchase really simple even though it was a very emotional sale for the Lipack family.

The dealership will operate under its new name, Independence Harley-Davidson, and will remain located at 9205 East Independence Boulevard in Matthews, North Carolina.

 

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