The Steve Marshall Group recently purchased Orchid Isle Auto Center in Hilo and Kailua-Kona, HI, from Joe Hanley, announced Performance Brokerage Services, the dealership brokerage firm that advised on the sale.
Orchid Isle Auto Center has been family-owned and operated for more than 40 years, operating two Ford dealerships, one on the west side of the Big Island of Hawaii and another on the east side.
Steve Marshall Group is a Canadian automotive retailer founded in 1966 in Campbell River, British Columbia. Founder and President Steve Marshall opened his first Ford dealership when he was 19. The Steve Marshall Group now operates 11 dealership locations across Canada and the U.S.
Orchid Isle Auto Center will remain at its current locations at 1030 Kanoelehua Ave. in Hilo and 76-6319 Kuakini Hwy. in Kona.
Over the last five years, Performance Brokerage Services has advised on the sale of more than 300 dealerships, making it the highest volume dealership brokerage firm in North America. Jason Stopnitzky, co-founder of Performance Brokerage Services, and Rob Armstrong, senior partner of the Canadian headquarters, were the exclusive advisors for this transaction.
"We would like to thank Joe Hanley for putting his faith in us to guide him through the sale of Orchid Isle Auto Center," said Stopnitzky. "I have known Joe for many years and have always appreciated his values and commitment to his team and his community. It was a pleasure to facilitate this transaction and work alongside such consummate professionals. We wish the Steve Marshall Group much success with the acquisition and congratulate them on their breakthrough into the U.S. market."
