Pedder Auto Group Acquires Poway Hyundai and Poway Chrysler Dodge Jeep Ram of Poway, California

Performance Brokerage Services, a new car dealership broker is pleased to
announce the sale of Poway Hyundai and Poway Chrysler Dodge Jeep Ram in
Poway, California from Mark Abelkop to Pedder Auto Group.

Born and raised in South Africa, Mark Abelkop grew up in the car business
under his father, who was a leading Chrysler dealer in South Africa. Abelkop
moved to the United States in 1987 with his family, and purchased his first
American dealership, Mitsubishi in San Diego. Over the next 30 years he
built an illustrious career in San Diego County, acquiring additional
dealerships. As he transitions to semi-retirement, Poway Hyundai and Poway
Chrysler Dodge Jeep Ram were his last two stores, and it was important that
he found the right buyer for them. Abelkop commented, “I have personally
been on both sides of around a dozen buy/sell agreements. Jason Stopnitzky
of Performance Brokerage Services ensured that this one was by far the
easiest and smoothest I have experienced. He was available 24/7 and remained
on top of any issues that came up, remained in constant contact with
everyone involved in the transaction, and was pro-active throughout.
Everything that was promised was delivered and I have no hesitation in
recommending Jason and his family, whether you are a buyer or seller.”

Over the last 5 years, Performance Brokerage Services has represented for
sale over 200 automotive dealerships making it the highest volume automotive
dealership brokerage firm in North America. Jason Stopnitzky, the exclusive
agent for this transaction and Co-Founder of Performance Brokerage Services
commented, “It was a pleasure to work with such fine principals during this
transaction. David Pedder is a progressive, forward thinking dealer, who
surrounds himself with some of the best talent in the business. I anticipate
we will see tremendous growth from Pedder Auto Group in the future. This was
a great fit to take over the legacy Mark Abelkop has built in Poway.”

Pedder Automotive Group was founded in 2008 by Owner David Pedder. The
family owned and operated dealer group has 5 dealerships in Southern
California, representing Nissan, Chrysler, Dodge, Jeep and Ram brands.
Pedder commented, “We are so grateful to Jason Stopnitzky of Performance
Brokerage Services for his professionalism and hard work to find us such a
great opportunity in our desired area. We appreciate how smooth and easy the
transaction was. We will only use Jason Stopnitzky and Performance Brokerage
Services when buying or selling a dealership. It was a pleasure working with
Mark Abelkop, and we thank him for the ease of doing business.”

The dealerships will remain at their current locations at 13811 and 13910
Poway Road in Poway, California 92064.

Representing Pedder Auto Group in this transaction was Jim Barone of
Ferruzzo & Ferruzzo, LLP, based in Newport Beach, California.

Representing Mark Abelkop in this transaction was Leslie Chayo based in
Beverly Hills, California.

About Performance Brokerage Services

Performance Brokerage Services, Inc. is the nation’s highest volume
dealership brokerage firm, specializing in intermediary services to buyers
and sellers of automotive, commercial truck, motorcycle, RV and equipment
dealerships.

Performance Brokerage Services offers a unique approach by providing
complimentary dealership assessments, no upfront fees, no reimbursement of
costs and is paid a success fee only after the transaction closes.

Clients benefit from utilizing an extensive network of industry related
accountants, attorneys, hundreds of registered buyers and longstanding
relationships with most of the auto manufacturers.

With corporate offices in Irvine, California, and 5 regional offices in
Utah, Florida, Texas, Virginia and New Jersey, Performance Brokerage
Services provides its clients national exposure with local representation.

After 25 years, 700 transactions and with a 90% closing rate, the company’s
reputation is unmatched and governed by the utmost ethical conduct,
integrity and transparency.

For more information about the services offered by Performance Brokerage
Services, visit https://performancebrokerageservices.com