Coleman Automotive Group Sells Mount Pleasant Dealership to Lani Automotive Group

✦ Meridian Analysis

The transaction is a completed sale of the Mount Pleasant Chevrolet GMCChrysler Dodge Jeep Ram dealership in Mount Pleasant, Iowa. Coleman Automotive Group, the seller, transferred ownership to Lani Automotive Group, which is acquiring its first franchised dealership. Performance Brokerage Services acted as the exclusive sell‑side advisor, with its Texas and Midwest partners, Paul Kechnie and Matt Willis, handling the process. The buyer will continue to operate the business under the same name and location. No financing terms, purchase price or multiple were disclosed, and the buyer’s advisory team was not identified in the announcement. For Coleman Automotive Group, the divestiture aligns with its stated focus on “larger dealerships in larger markets.” The transaction also reflects the role of specialist brokers such as Performance Brokerage Services. Going forward, observers will want details on the transaction price and any debt or vendor financing that may have been used, as well as the identity of Lani’s financial advisers. Confirmation of any required approvals from the franchising manufacturers and local authorities, and a timeline for integration, would also complete the picture for deal professionals assessing the impact on regional dealership dynamics.

The Meridian Weekly