Mike Leep, Sr. and Pete Pohlmann share a laugh after announcing the sale of Lujack's to Gurley Leep. (Larry Fisher / Quad-City Times)
“This has been a win-win. It was a very smooth sale transaction and we’re very excited about the next chapter of our lives,” Pete Pohlmann, Lujack's Northpark Auto Plaza.
Lujack's Northpark Auto Plaza
Lujack's Northpark Auto Plaza was sold to Gurley Leep Automotive. Bel Air Partners served as financial advisor to Lujack's Northpark Auto Plaza.
Lujack's Northpark Auto Plaza is located in Davenport, Iowa, and includes Audi, Chevrolet, Honda, Hyundai, Jaguar, KIA, Lexus, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Porsche, Saturn, Subaru and Volkswagen. Headquartered in South Bend, Indiana, Gurley Leep includes sixteen dealerships in Indiana and Michigan.
"Lujack's selection of import brands, prime location and market share made it a good match for the Gurley Leep organization," commented Thomas Butler, managing director, Bel Air Partners. "The Pohlman family's and the Lujack's business style and community commitment are very similar to those of the Gurley Leep organization."
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