Lakewest Ford Lincoln Launches with Community Focus and Expertise from Richter and Scherle Families
- Lakewest Ford Lincoln, previously Burlington Ford Lincoln, is owned by the Richter and Scherle families, enhancing community ties.
- The dealership aims to provide tailored automotive solutions, leveraging the expertise of both families and their community engagement.
- Performance Brokerage Services facilitated the ownership transition, emphasizing community-focused operations for dealership continuity and growth.
Strengthening Community Ties: The Launch of Lakewest Ford Lincoln
In a significant advancement for the Burlington automotive market, Go Auto has successfully transitioned ownership of its Burlington Ford Lincoln dealership to the Richter and Scherle families. The dealership, now named Lakewest Ford Lincoln, combines the rich experience of The Richter Group, which has over 60 years of automotive history, with the Scherle Group’s deep community roots. This strategic acquisition, facilitated by Performance Brokerage Services, marks a new chapter for the dealership as it aims to deliver tailored automotive solutions to the local market, leveraging the newly formed partnership's operational expertise and community engagement.
The Richter Group, known for its longstanding presence as the owner of Eastgate Ford, Hamilton’s oldest Ford dealership, brings a wealth of knowledge and industry insight to Lakewest Ford Lincoln. The Scherle family, with its commitment to community service and reputation in Burlington, enhances this foundation, positioning the dealership to better address the needs of local customers. By combining their strengths, the families intend to create a dealership that not only offers a comprehensive selection of vehicles but also fosters a family-oriented atmosphere that resonates with the community.
Performance Brokerage Services has played a pivotal role in this transaction, with Principal Jared Priestner commending their expertise in identifying the right buyer swiftly and effectively. Senior Partner Rob Armstrong highlights the alignment of values and vision between the new owners and the previous management, emphasizing the importance of community-focused dealership operations. This successful sale underscores Performance Brokerage Services' capacity to facilitate dealership transitions that prioritize continuity and growth, ultimately benefitting the local economy and automotive landscape.
In other news, Lincoln Electric Holdings (LECO) is poised to announce its quarterly earnings on July 31, 2025. Analysts are closely monitoring the company's performance, especially given the ongoing trends in the welding and fabrication industry. Stakeholders are eager for insights into revenue growth and strategic initiatives that could enhance Lincoln Electric's market position.
Additionally, Lincoln Avenue Communities (LAC) recently celebrated the grand opening of Willis Senior Lofts in Rochelle, Illinois, a development designed to provide affordable housing for seniors. This initiative reflects LAC's commitment to addressing housing needs in rural areas, offering not only quality living spaces but also communal amenities that foster a sense of community among residents.