While not quite on the same level as , Asbury Automotive Group is continuing to build its dealership portfolio in the Rocky Mountains.
According to a news release from Performance Brokerage Services that helped to broker the transaction, Asbury added to its footprint in Colorado by purchasing Arapahoe Hyundai and Genesis of Arapahoe in Centennial, Colo., from the Zinsmeister family.
The announcement highlighted that Arapahoe Hyundai has been serving its community for almost 20 years and has been the No. 1 Hyundai volume dealer in Colorado for 14 years in a row.
The dealership has been family owned and operated by the Zinsmeister family, which includes a father and son who are better known to their customers as “Z” and “Big Z.”
The dealership will remain at its current location at 9899 East Arapahoe Road in Centennial.
After going through the Larry H. Miller acquisition, Asbury vice president of corporate development Randy Callison described the process with Jonny Mecham, one of the Rocky Mountain partners for Performance Brokerage Services and the exclusive agent for this transaction.
“We’ve known Jason Stopnitzky at Performance Brokerage Services for a long time, and they’ve always been a trusted resource for us,” Callison said in the news release. “They have a wealth of experience and truly understand the complexities of the business. This was our first time working with Jonny and his father, John Mecham, and they approached things with the same expertise. They did a terrific job of bringing both parties together from start to finish, tackling issues efficiently.
“I think ‘Z’ and Jonny’s collective teamwork ensured one of the easiest transitions I’ve had the pleasure to be a part of. I would confidently recommend Jonny and John Mecham and Performance Brokerage Services and look forward to working with them again in the future,” Callison went on to say.
David “Z” Zinsmeister explained why his family made this decision.
“My wife and I met Jonny and John Mecham of Performance Brokerage Services for the first time over lunch during one of their visits to Denver. We instantly felt their sincere desire to achieve our family’s goals and had our best interest at heart,” Zinsmeister said.
“My dad, ‘Big Z,’ was looking to retire and I aspired to spend my days with my young family. John described loving the moment when a former dealer calls to tell him when they first experience ‘being where they are’ and being present in their life outside of work for the first time after selling their store. This resonated with me instantly,” Zinsmeister continued.
“From there, Jonny took the reins navigating us through the finish line with an offer even better than we had hoped, while also developing what is to be a great friendship along the way. Asbury came ready with a team of fast and efficient representatives, and I was determined to take on the challenge of keeping up with them. Jonny and John never missed a beat and there would never have been an Asbury/Arapahoe Hyundai deal without them and Performance Brokerage Services,” Zinsmeister went on to say.
This content was originally published here.