An organization prolonged into the subsequent technology Aug. 1 when Mike Shannon bought Vacation Automotive in Fond du Lac, Wis., to his son, Michael Shannon Jr., in keeping with Scott Mackie of buy-sell agency Nationwide Enterprise Brokers.

The youthful Michael Shannon purchased three franchised dealerships: Vacation Chevrolet-Buick-GMC-Cadillac, Vacation Mazda and Vacation Ford. A used-car retailer and collision store have been included within the deal.

Fond du Lac is on the south finish of Lake Winnebago, the state’s largest inland lake, and is northwest of Milwaukee.

Mackie, senior vice chairman of the Midwest for Nationwide Enterprise Brokers of Irvine, Calif., brokered the transaction. Mackie stated the companies are in an important location and the Shannon household “knocks it out of the park.”

Shannon Jr. is vendor principal of the shops and Thor Gilbertson is CEO. As a part of the transaction, Shannon Jr.’s three sisters additionally acquired a rise of their minority shares of the enterprise, Mackie instructed Automotive Information. Particulars weren’t disclosed.

Mackie stated Mike Shannon and his spouse additionally retained inventory within the firm and can proceed to personal the true property.

Mike Shannon joined the enterprise in 1972, beginning out as a salesman, earlier than he and two companions bought 25 p.c of the corporate in 1979, Mackie stated. Mike Shannon ultimately grew to become the only real proprietor in 2002, and although he thought-about different patrons and gives, he in the end determined to maintain the enterprise within the household and produce the second technology on board, in keeping with Mackie.

Mackie stated the household does every little thing to perfection, together with its used-vehicle retailer, which is adorned within the type of a diner.

“Every part they have is state-of-the-art,” Mackie stated. “It is an attractive factor, very customer-focused.”