Thu. Oct 6th, 2022


IG Burton is among the oldest automotive sellers in the USA. Fred Burton and his father, Captain Theodore Burton, started promoting cars in 1908. The Burton household nonetheless owns and operates an auto dealership on the Delmarva Peninsula in the present day, greater than 100 years later.

Efficiency Brokerage Providers, North America’s largest dealership brokerage agency, is happy to announce the sale of the Newark Chrysler Jeep Dodge Ram of Delaware to Gary Hendrixson, Sr. and Gary Hendrixson, Jr. to Charles Burton and MJ Lofland of IG Burton Auto Group.

The Newark Chrysler Jeep Dodge Ram was owned by the household and operated for greater than 40 years. The dealership was based in 1980 by Gary Hendrixson, Sr., and has been led since 2000 by Gary Hendrixson, Jr., who served as Principal and Common Supervisor.

After the sale, Hendrixson, Sr. commented, “After 42 years within the automotive enterprise, I used to be prepared to maneuver on to the following section of my life. After seeing an advert in Automotive Information for Efficiency Brokerage Providers, I approached the corporate. reached out, and to my shock, I used to be speaking to co-founder Jason Stopnitzky. Discuss making first impression. He put me in contact with Northeast companion, Gershon Rosenzweig, who was the final word skilled, and I went by way of a course of that I used to be fairly unfamiliar with. There was by no means a time once I was unable to get a query answered or somebody returned a name. When opening and promoting a enterprise it was a really sophisticated and sophisticated course of. It is a sophisticated course of. Thank God I made the proper choice once I contacted Efficiency Brokerage Providers. They had been with me on the very finish, sitting on the closed desk. I might wish to thank Les Chayo for all their assist and authorized recommendation. I need to thanks.”

Over the previous 5 years, Efficiency Brokerage Providers has suggested over 300 dealership gross sales, making it the biggest quantity dealership brokerage agency in North America. In 2021, the corporate made 72 transactions, marking a document breaking yr. The transaction was specifically facilitated by Gershon Rosenzweig and Matt Wilkins of the Northeast Workplace of Efficiency Brokerage Providers. Wilkins shared, “We’re lucky to have labored with really first-class patrons and sellers on this transaction. Hendrixson has been a staple in Newark and has at all times put his prospects and workers first. In his final sale, They continued that custom by bringing on IG Burton to hold on their legacy. Charles Burton and MJ Lofland stayed true to their phrase from begin to end and ran a tremendous operation. They had been at all times one step forward and made the deal sooner and sooner. We sit up for working with Charles and MJ once more as they proceed to develop and need them success with their new retailer.

IG Burton is among the oldest automotive sellers in the USA. Fred Burton and his father, Captain Theodore Burton, started promoting cars in 1908 from their household’s normal retailer in Millsboro, Delaware. That very same yr, Fred’s son, Irwin G. Burton was born. The Burton household continues to personal and function the auto dealership on the Delmarva Peninsula in the present day after greater than 100 years.

In keeping with their web site, Irwin G. Burton developed the primary trendy dealership on the peninsula in Milford after WWII and is credited with getting the household enterprise on the trail it’s in the present day. In 1962, the Nationwide Vehicle Sellers Affiliation named the Irwin G. Burton named Excellent Seller within the Nation. In the present day, the corporate is led by Charles Burton, president and proprietor of Fifth Era, and has expanded to incorporate 10 manufacturers.

After the sale, MJ Lofland, Vice President and COO of IG Burton Auto Group commented, “We lately secured our tenth retailer with the assistance of Gershon Rosenzweig and Matt Wilkins of Efficiency Brokerage Providers. They had been extraordinarily skilled they usually We had all the small print of your entire operation that we had been trying to purchase. These gents are straight shooters and supplied us with an excellent due diligence bundle with all of the information we wanted for our transaction. We document this dealership with their assist and help Had been capable of purchase in time. I extremely advocate Efficiency Brokerage Providers as a purchaser or vendor’s agent.”

The dealership will stay at its present location at 244 East Cleveland Avenue in Newark, Delaware.

Hendrixson was represented by the regulation places of work of Leslie E. Chayo in Beverly Hills, California.

About efficiency brokerage providers

Efficiency Brokerage Providers, Inc. is North America’s largest quantity dealership brokerage agency, specializing in buy-sell exercise for automotive, RV, business truck, powersports and gear dealerships.

With over 25 years of expertise, 700 dealerships bought, and a 90% completion price, the corporate’s popularity is unmatched and is ruled by the utmost moral conduct and integrity.

The corporate presents a novel strategy by offering a complimentary estimate of worth with no upfront charges or retainers, no reimbursement of prices, and cost of a hit price solely after the transaction is closed.

Headquartered in Irvine, California, and supported by 7 regional places of work in Utah, Texas, Florida, Virginia, Ohio, New Jersey and Canada, prospects profit from nationwide publicity with native illustration.

As trusted and revered consultants within the discipline, the corporate makes use of an in depth community of industry-related legal professionals, accountants, lots of of registered patrons and longstanding relationships with varied automakers.

For extra details about the providers supplied by Efficiency Brokerage Providers, go to https://performancebrokerageservices.com.



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