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DEALER NEWS: KAWASAKI HONDA MEDFORD SOLD TO APPLE STATE POWERSPORTS

  • Dealernews
  • Mar 29, 2024

  

 

 

Powersports enthusiasts Milt and Kathy Smith have run Kawasaki & Honda of Medford since they bought the dealership from Leroy Moore back in 1989. Under their stewardship the dealership later added Polaris and has grown to become the largest shop between Redding and Eugene. However, all good things must come to an end… or so they say. It was that easy for the Smiths, emotionally and literally! 

“When my husband and I decided to sell our business and retire, we tried for over a year to sell it on our own… to no avail,” says Kathy. “We decided to sign with a broker and were so glad we did. Performance Brokerage Services and Courtney Bernhard were great to work with. Courtney was there every step of the way; she was very responsive to our questions and walked us through the entire process. She is extremely educated in the powersports business. We’d recommend Courtney and Performance Brokerage Services to anyone wanting to sell their dealership.”

Bernhard was able to broker the deal between the Smiths and Jaime Rodriguez, Parminder Thind and Maninder Kaur, owners of Apple State Harley-Davidson and Apple State Powersports in Yakima, Washington. “It was a pleasure working with Milt and Kathy Smith selling their dealership that had been in their family over 30 years,” commented Bernhard after the sale. “They understood the importance of preparing the dealership for a sale and worked seamlessly with the buyers. I appreciated getting to know Milt and Kathy on a professional and personal level and wish them well in a much-deserved retirement. I am very thankful to have had the opportunity to work with the buyers Jaime, Minnie and Raja. They are a great team and I look forward to working with them again in the near future.”

“Thank you Courtney and Performance Brokerage Services for helping us acquire our second dealership in Medford,” adds industry veteran Rodriguez. “Your representation for the seller was great and professional, and you were great to work with on our end as the buyer as well. We are already on our way to a quick start and look forward to creating memorable experiences and servicing the community with all of their powersports needs.”

Over the past five 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, and Courtney A. Bernhard, Partner of the Harley-Davidson & Powersports Division for Performance Brokerage Services were the exclusive advisors for this transaction.

Kawasaki & Honda of Medford remains at 3735 Crater Lake Highway in Medford, Oregon but has been renamed Medford Powersports Inc.

 

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