MD Johnson is proud to announce the successful sale of BMW of Richland and Audi of Richland, representing Ralph and Christopher Martinez in the transaction with Kjell Schei and Agere Automotive Group.
The transaction represents an important milestone for everyone involved. For Agere Automotive Group, the acquisition marks the company’s first dealership purchase and the beginning of an exciting new chapter for two well-established luxury automotive franchises serving Washington’s Tri-Cities region.
For MD Johnson, this transaction carries particular significance because of our longstanding relationship with both dealerships and the families behind them.
Our history with BMW of Richland and Audi of Richland spans multiple generations of dealership ownership. Over the years, MD Johnson has had the opportunity to work alongside the individuals responsible for building, growing, and transitioning these businesses. Being trusted once again to help guide these franchises through another ownership transition is something Mark Johnson and the entire MD Johnson team take great pride in.
Successful dealership transactions involve much more than identifying a buyer and negotiating a purchase price. They require an understanding of the dealerships, the market, the manufacturers, and, most importantly, the goals of both the buyer and seller. Long-term relationships and trust play a critical role throughout that process.
That is especially true when representing dealership owners who have invested years building their businesses, developing their teams, serving their communities, and protecting the reputation of their franchises.
For Ralph and Christopher Martinez, this transaction represents the culmination of their stewardship of two respected luxury dealerships in the Tri-Cities market. For Kjell Schei and Agere Automotive Group, it represents an opportunity to build upon that foundation while beginning the next phase of growth for BMW of Richland and Audi of Richland.
We are excited to see what lies ahead for both franchises under Agere Automotive Group’s ownership.
Transactions like this are also a reminder of what makes the automotive retail industry unique. Dealership ownership often extends across generations, and the relationships surrounding those dealerships can do the same. At MD Johnson, we value the opportunity to remain involved with our clients and their businesses over the long term, whether that means assisting with an acquisition, preparing for an eventual sale, evaluating growth opportunities, or helping navigate an ownership transition years down the road.
We are grateful to Ralph and Christopher Martinez for once again placing their trust in MD Johnson and allowing us to represent them throughout this process.
Congratulations to the Martinez family, Kjell Schei, and the entire Agere Automotive Group team on a successful transaction. We wish everyone involved continued success as BMW of Richland and Audi of Richland enter this exciting new chapter.
To learn more about this transaction, view the accompanying announcement and media here:
