Sellers and Buyers on closing day
From left: Craig Buchman, Angel Bucsanyi, Deano Merrigan, Phillip Orange
Big O Powersports LLC has acquired Texas Yamaha Inc. (2 locations Webster and Texas City) along with Texas Powersports of Pasadena, with its principal owner Phillip Orange of Houston Motorsports expanding his Houston market presence from 1 to 4 dealerships. The Pasadena, Webster, and Texas City acquisition represents a powerful brand lineup including Honda, Yamaha, Polaris, Club Car, Roxor, Husqvarna, and Specialized Electric Bikes from 3 Southeast Houston facilities.
Selling owners Wendy and Craig Buchman and the Bucsanyi Family have a rich history dating back to the 1970s in building the three dealerships as they exist today. Wendy and Craig Buchman were referred to PLMA by Steve Littlefield, a long time associate in the Texas Motorcycle Dealers Association.
Phillip Orange, previously in management with Team Mancuso Powersports, had recently acquired Houston Motorsports in Northeast Houston representing Yamaha, Polaris, Kawasaki, Kymco, Roxor, and Kayo, and was hungry for more locations. Although Powersports Listings Mergers & Acquisitions (PLMA) was working with another buyer, Phillip Orange moved to the front of line with a clear plan to complete the large acquisition of 3 operating dealerships and each facility. "For several weeks, I welcomed Wendy and Craig Buchman as my first call of the day and Phillip Orange as my last call well into the evening," stated Jerry Szopinski, PLMA's President of Sales & Networking regarding the process of structuring the deal.
Wendy and Craig Buchman commented "This was a significantly emotional and complex event in our lives and we are incredibly thankful that Phillip Orange was so personable and easy to work with."
Phillip Orange stated "I am honored to take over this incredible multi-generation family built business. Thanks to Wendy, Craig, and Angel, I have inherited great customers and a phenomenal staff!" Now, Phillip Orange along with his wife Kelli Orange are carrying on the legacy created 50 years ago.
PLMA's CIO David Clay and CEO Tom Macatee were on site to manage final reconciliations and funding with the closing taking place on April 30, 2022.
Powersports Listings Mergers & Acquisitions (PLMA), the professional powersports industry dealership brokerage centrally located in Dallas, Texas, managed the transaction as the Seller's representative with team members:
Tom Macatee, CEO
David Clay, CIO
Jerry Szopinski, President of Sales & Networking
Mike Pate, Vice President
Jaye Sanders, Managing Director
Powersports Listings M&A Media Contact:
Press Release Service by Newswire.com
Original Source: Powersports Listings Mergers & Acquisitions Announces New Ownership at Three Family Owned Houston Powersports Dealerships