A press release from Powersports Listings M&A detailed the recent purchase of Wenatchee Powersports by Brandon Montgomery of Cle Elum, Washington.
Montgomery, a construction industry professional and powersports on-road, off-road, and build enthusiast out of Cle Elum, Washington, took over the Wenatchee Powersports dealership operations on Tuesday, November 12, 2019.
"I am ecstatic to be the new owner of Wenatchee Powersports," he said. "It's a dream come true!"
Motorcycle enthusiast and former owner Melanie Wilhoite purchased the Wenatchee Yamaha, Polaris, and KTM dealership in 2014. Shortly after, it became one of the few woman-owned powersports dealerships in the Northwest, with steady performance and annualized sales growth of over 15 percent from the year of acquisition.
Tom Macatee, PLMA CEO, personally managed the initial offer and purchase agreement negotiations before the transaction was finalized.
Wilhoite commented "PLMA took a lot off of my plate and was well worth their success fee. Representation by a broker that understands the business can make the difference between crossing the finish line or breaking down along the way. David Clay flew to the dealership for the closing and assisted on site with the final reports, calculations, and was my liason to the Buyer and attorneys. PLMA GETS IT!"