Deosai Outdoors LLC has acquired I-5 Sports with principal owner Farhan Hasan having moved his family from Texas to Oregon. I-5 Sports boasts a strong brand lineup of Honda, BRP | Can-am, and Polaris and operates from a spacious 29,000-sq.-ft. former Safeway grocery store on three acres in Albany, Oregon, situated 70 miles south of Portland.
Selling owners Larry Sanders and David Pipher have a life-long love of the motorsports industry and took great pride in delivering the best powersports products and services from one of the largest Powersports showrooms in the state of Oregon since 2011. Upon the decision to sell the dealership and spend more free time as outdoor activity enthusiasts, Larry and David visited powersportslistings.com for guidance, and Mike Pate, Vice President of Powersports Listings Mergers & Acquisitions (PLMA), was hired to represent them in the marketing effort and management of a potential buy-sell transaction.
Pate interviewed a number of potential buyers for I-5 Sports and a corporate executive and a retail - tech entrepreneur from Dallas, Texas, stepped up as the perfect fit albeit requiring his family to relocate over 2,000 miles away.
Farhan Hasan stated, "I feel very fortunate to have found such an amazing business opportunity in an industry built on fun to provide for my family. PLMA's ability to showcase this business along with establishing a relationship with the incredible owners Larry Sanders and David Pipher made this an easy decision for me. I see great things happening in Powersports in the Pacific Northwest."
Larry Sanders stated, "I was amazed by the reach of PLMA to find the perfect buyer that is not currently a dealership operator and more than 2,000 miles away. They were professional and knowledgeable all the way and we wish Farhan and his family new levels of success in powersports."
Mike Pate, along with 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 11, 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:
From left: Mike Pate, David Clay, Tom Macatee, Farhan Hasan, Larry Sanders, David Pipher
I-5 Sports storefront
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Original Source: Powersports Listings Mergers & Acquisitions Announces New Ownership at I-5 Sports of Albany, Oregon