Performance Nissan gains new owner and name

  • SCBJ staff
  • Wednesday, April 6, 2011 10:01am
  • Business

EVERETT — MD Johnson Inc. has completed the acquisition of Performance Nissan on behalf of David Broadus, who will rename the dealership Magic Nissan of Everett immediately following the sale.

Broadus, son of longtime Seattle auto dealer Bruce Broadus, is the dealer principal of Michael’s Toyota in Bellevue and Magic Toyota in Edmonds. Broadus is the largest retailer of Toyota products in Washington state. The Broadus group also owns Michael’s Issaquah Chevrolet.

MD Johnson Inc. served as the exclusive financial advisers to David Broadus. MD Johnson Inc. initiated, structured and negotiated the transaction on behalf of Broadus. Mark Topping, senior vice president of MD Johnson Inc., managed the transaction on behalf of the firm.

The transaction closed on March 31. Seller Hugh Hall will continue to own and operate his Kia dealership in Everett.

MD Johnson Inc. is an Enumclaw-based auto dealership buy-sell advisory firm specializing in the purchase, sale, analysis, succession and valuation of automobile dealerships, dealership platforms and dealership real estate through their wholly owned real estate entity, MDJ Realty Inc. The firm represents clients nationwide supporting their buy sell activities and has advised on more than 1.5 billion dollars in transactions.

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