Business
Terrace Ford Lincoln Acquired by Richter and Scherle Families, Rebranded as Lakewest Ford Lincoln
When Go Auto needed to find the right buyer for their Burlington Ford Lincoln dealership, they faced a challenge that many dealership owners know well: how to ensure their business lands in the hands of operators who will not only maintain its success, but elevate it. The answer came through Performance Brokerage Services, North America's highest-volume dealership brokerage firm, which facilitated the sale of Terrace Ford Lincoln to the Richter and Scherle families last week.
About this update from Ford Mtr Co Del
[{"type":"text","content":"Transaction Facilitated by Performance Brokerage Services","length":57,"tagName":"p"},{"type":"text","content":"BURLINGTON, ON, July 28, 2025 /PRNewswire/ -- When Go Auto needed to find the right buyer for their Burlington Ford Lincoln dealership, they faced a challenge that many dealership owners know well: how to ensure their business lands in the hands of operators who will not only maintain its success, but elevate it. The answer came through Performance Brokerage Services, North America's highest-volume dealership brokerage firm, which facilitated the sale of Terrace Ford Lincoln to the Richter and Scherle families last week.","length":535,"tagName":"p"},{"type":"text","content":"The dealership will now operate as Lakewest Ford Lincoln, bringing together two distinguished automotive groups with complementary strengths. The Richter Group contributes over 60 years of automotive expertise through their ownership of Eastgate Ford, Hamilton's longest-standing Ford dealership, while The Scherle Group brings deep Burlington roots and a sterling reputation for community leadership and automotive excellence.","length":431,"tagName":"p"},{"type":"text","content":"For The Richter Group and The Scherle Group, this acquisition represented the perfect opportunity to combine proven operational expertise with local market knowledge. The newly rebranded Lakewest Ford Lincoln allows them to expand their successful family-owned approach, bringing state-of-the-art facilities and comprehensive vehicle selection to Burlington's growing automotive market.","length":390,"tagName":"p"},{"type":"text","content":""Rob Armstrong and the team at Performance executed this deal at the highest level," said Jared Priestner, Principal of Go Auto. "Really not a hiccup in the whole deal and found us the perfect buyer very quickly. I love doing business with Performance. First Class deal all around."","length":302,"tagName":"p"},{"type":"text","content":"The success of this transaction demonstrates Performance Brokerage Services' ability to understand what both sellers and buyers truly need. Rather than simply matching any available parties, the firm's process identified buyers whose values, experience, and vision aligned perfectly with the sellers' goals and the community's needs.","length":349,"tagName":"p...