After 37 years under the ownership of Randy and Cheryl Faulk, Honda East Toledo has been acquired by one of the largest family-owned powersports dealership groups in the United States. This sale marks the fourth dealership sale to Adventure Lifestyle Group, managed by Powersports Listings M&A (PLMA). Within the past 18 months.
Previous deals include Olive Branch Motorsports of Olive Branch, Missouri, Tejas Motorsports of Highland, Texas, and Big Easy Powersports of New Orleans, Louisiana. Adventure Lifestyle is a subsidiary of TRNT Group, a private equity management company, with eight main business areas: powersports retail, automotive retail, construction services, development and design, equipment leasing, property management, outdoor entertainment, and real estate. is focused on. investment.
Adventure Lifestyle's powersports retail division has grown to become one of the largest major brand powersports dealer operators in the United States. PLMA worked directly with TRNT Group CEO Kevin Walker and his COO David Walker as buyer principal.
Honda East Toledo is one of the largest powersports dealers in the United States by volume. His roots date back to 1986 and include Honda, Yamaha, Kawasaki, Suzuki, Polaris, Indian Motorcycle, Slingshot, Can-Am, Sea-Doo, and Ski-Doo. The company sells more than 2,200 prime units annually from his 35,000 square foot complex of four buildings located on Route 20 in the southwest quadrant of the Toledo, Ohio metro area. doing.
Following their decision to retire, owners Randy and Cheryl Faulk contacted PLMA's President of Sales and Networking, Jerry Chopinski, and asked him to privately market the business and assist in contract negotiations. Given Honda East Toledo's enormous size, Chopinski knew he would need a large strategic buyer. Mr. Chopinski had been working for several years with David Walker of TRNT Group, who visited the Toledo dealer and persuaded him to make an offer. A complete ownership transition was recently completed.
Powersports Listings Mergers & Acquisitions (PLMA) of Dallas, Texas, represented the seller and managed the transaction.