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Carolina Harley-Davidson Dealerships Acquired by Dealer Group

Carolina Coast Harley-Davidson, located in Wilmington, North Carolina, and Beach House Harley-Davidson in Shallotte, North Carolina, have transitioned ownership from Rick and Janice Noyes to Charlie Cole, Will Cole, and Freddy Tedesco of the Cole Family of Harley-Davidson Dealerships.

For 30 years, Rick and Janice Noyes have proudly owned and operated Carolina Coast Harley-Davidson and its sister store, Beach House Harley-Davidson, situated along U.S. Route 17. “Creating a thriving business that serves as a community fixture for over three decades is no small accomplishment,” remarks Rick Noyes. “Selling such a well-established business is another emotional journey altogether. It requires a unique set of expertise to ensure that the sale successfully comes to light. George [Chaconas] and his committed team leave no stone unturned and stay involved until the deal is finalized.”

In the past five years, Performance Brokerage Services has facilitated the sale of over 300 dealerships, establishing itself as the leading dealership brokerage firm in North America. George C. Chaconas, Senior Partner, and Courtney A. Bernhard, Partner of the Harley-Davidson & Powersports Division at Performance Brokerage Services, acted as the exclusive sell-side advisors for this transaction.

Rick and Janice Noyes will continue to own and operate New River Harley-Davidson in Jacksonville, North Carolina.

“About five years ago, I met with Rick and Janice Noyes at the last Harley-Davidson dealer show in Milwaukee to explore the possibility of selling two of their North Carolina stores,” explains Chaconas. “Post-pandemic, Rick reached out to discuss selling their dealerships again. Shortly thereafter, my partner, Courtney Bernhard, and I visited them to assist in preparing for the sale.

“After assessing the value and creating a marketing strategy, we matched them with a unique and qualified buyer, the Cole Family of Harley-Davidson Dealerships,” he adds. “It was an honor to help Rick and Janice successfully sell their dealerships, facilitating their transition to semi-retirement and allowing them to focus on their remaining store. I am incredibly grateful for the chance to exclusively represent them through this significant life change.”

Charlie Cole, President of the Cole Family of Harley-Davidson Dealerships, has a history of excellence as a Harley-Davidson dealer since 1998. “I want to extend my gratitude to Courtney and George at Performance Brokerage Services for presenting me with this remarkable opportunity,” he states. “This marks the acquisition of my third and fourth stores through PBS.”

With the addition of Carolina Coast Harley-Davidson and Beach House Harley-Davidson, the Cole Family of Harley-Davidson Dealerships has expanded its reach to eight dealership locations across Virginia, West Virginia, North Carolina, and South Carolina.

Rick and Janice Noyes were represented by Logan Parker and Greg May from Bass Sox Mercer in Tallahassee, Florida, while the Cole Family of Harley-Davidson Dealerships was represented by Eric Gregory at Gregory Law, LLC in Johns Creek, Georgia.

Carolina Coast Harley-Davidson will be renamed Shipwreck Harley-Davidson and will continue operations at its existing site at 6620 Market Street in Wilmington, North Carolina. Similarly, Beach House Harley-Davidson will be rebranded as Sea Breeze Harley-Davidson and will remain at 100 Harley Davidson Drive in Shallotte, North Carolina.

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Twin Vee PowerCats Appoints Shawn Erb as Director of Sales and Dealer Relations

FORT PIERCE, FL / ACCESSWIRE / December 9, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),(‘Twin Vee’ or the ‘Company’), a leader in the manufacture, distribution, and marketing of power sport boats, announced today that Shawn Erb, an experienced professional in sales and business development within the marine and recreational vehicle sectors, has joined Twin Vee as its Director of Sales and Dealer Relations. In this capacity, Mr. Erb will oversee the Company’s sales activities, foster robust relationships with both new and existing dealers across the United States and internationally, and oversee the sales, distribution, and support for the Company’s product portfolio. Mr. Erb’s appointment is effective immediately.

‘Shawn’s proficiency in nurturing dealer relationships and driving sales growth will be crucial as we expand our market presence and launch new models,’ remarked Joseph Visconti, Chairman and CEO of Twin Vee PowerCats Co. ‘He brings an extensive background and a solid track record in business development and the recreational marine industry. We are excited to welcome Shawn aboard, as his leadership will play a pivotal role in helping us achieve our objectives in the upcoming months and years.’

Echoing Visconti’s enthusiasm, Mr. Erb is eager to collaborate with the Twin Vee team and further build on the Company’s achievements. ‘Joining Twin Vee reminds me of the unique opportunity I had at Harley Davidson Motor Company, an iconic American brand designed for families,’ Erb stated. ‘While touring our manufacturing facility in Fort Pierce, FL with Joseph, I witnessed the innovative advancements and meticulous craftsmanship that characterize each Twin Vee throughout the production process. Additionally, the recent investment in a 30,000 sq. ft facility expansion will enhance quality and modernize manufacturing. I am enthusiastic about partnering with all our Twin Vee Dealers as well as those I’ve worked with previously. Together, we’ll establish Twin Vee as a brand recognized for its cooperative spirit and proactive support of our dealers and products.’

Prior to this, Mr. Erb served as the National Sales Manager for Four Winn’s Boats, where he directed the sales and business development strategy for Four Winn’s and Wellcraft Brands across the Americas. He also held the position of VP of Sales and Business Development for SHERP of North America, where he built and supported its dealer network in North America. From 2016 to 2023, Mr. Erb was part of BRP, Inc. in various capacities, including Business Development Manager for the Marine Group Division in the U.S. Southeast, Field Operations Manager for the Powersports Division, and Rider Education Manager in the United States. Other significant roles in his career comprise Production Manager at York Vehicle Operations for Harley Davidson Motor Company, Operations Director/Regional Sales Manager for Premier Property Service of York, LLC, and Executive Consultant and International Sales Director for International Business Service Group.

Mr. Erb earned his Master of Business Administration in Human Resource Management in 2021 and a Bachelor of Business Administration in 2017 from Wrexham Glyndwr University.

Boat dealers interested in becoming part of the Twin Vee team can contact Shawn Erb at [email protected] or Loretta Ball at [email protected].

About Twin Vee PowerCats Co.

Twin Vee PowerCats Co. is a manufacturer, distributor, and marketer of power sport boats. The Company creates a diverse range of boats tailored for fishing, cruising, and recreational activities. Twin Vee PowerCats are celebrated for their stability, fuel efficiency, and smooth-riding catamaran hull designs. Known as ‘Best Riding Boats on the Water™,’ Twin Vee stands as one of the most recognized brands in the catamaran sport boat arena. Situated in Fort Pierce, Florida, the Company has been crafting and selling boats for 30 years. More information is available at twinvee.com.

Follow Twin Vee PowerCats Co. on Facebook and Instagram.

Watch the Twin Vee team discuss the development of the GFX-2 on YouTube.

Forward-Looking Statements

This press release includes certain forward-looking statements under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are characterized by the use of terms such as ‘could,’ ‘believe,’ ‘anticipate,’ ‘intend,’ ‘estimate,’ ‘expect,’ ‘may,’ ‘continue,’ ‘predict,’ ‘potential,’ ‘project,’ and similar expressions aimed at identifying forward-looking statements. They encompass remarks regarding Mr. Erb’s role in leading the Company’s sales operations, fostering strong dealer relationships, and managing sales, distribution, and support for the Company’s product range; Mr. Erb’s expertise being vital as the Company expands and introduces new models; and his leadership being key in achieving Company objectives in the future. These forward-looking statements are contingent upon management’s expectations and assumptions as of the press release date and are exposed to various risks and uncertainties that could lead to significant differences between actual results and those anticipated. Significant factors that may lead to such discrepancies include Mr. Erb’s effectiveness in his role, the Company’s capability to expand and launch new models, its progress in enhancing quality and modernization at its Fort Pierce manufacturing facility, the growth of its partnerships and dealer network, as well as other risk factors detailed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, its Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the SEC. This information is provided solely as of the release date, and the Company bears no obligation to publicly revise or update any forward-looking statements beyond what is required by law.

Contact:

Glenn Sonoda
[email protected]

SOURCE: Twin Vee PowerCats Co.

View the original press release on accesswire.com

Twin Vee PowerCats Appoints Shawn Erb as Director of Sales and Dealer Relations

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Harley Davidson News

Twin Vee PowerCats Co. Appoints Shawn Erb as Director of Sales and Dealer Relations

FORT PIERCE, FL / ACCESSWIRE / December 9, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), (“Twin Vee” or the “Company”), a leading manufacturer, distributor, and marketer of power sport boats, has announced the appointment of Shawn Erb as its new Director of Sales and Dealer Relations. With extensive experience in sales and business development within the marine and recreational vehicle sectors, Mr. Erb will oversee the Company’s sales initiatives, strengthen relationships with dealers both domestically and internationally, and manage the distribution and support of the Company’s product offerings. His appointment is effective immediately.

“Shawn’s extensive background in fostering dealer relations and driving sales growth will be crucial as we broaden our market presence and unveil new models,” stated Joseph Visconti, Chairman and CEO of Twin Vee PowerCats Co. “He possesses a robust knowledge base and a proven success record in business development and the recreational marine sector. We are excited to welcome Shawn aboard and believe his leadership will be pivotal in reaching our objectives in the coming months and years.”

Sharing in Visconti’s enthusiasm, Mr. Erb is eager to collaborate with the Twin Vee team to further the Company’s success. “Joining Twin Vee feels reminiscent of my time at Harley Davidson Motor Company—it’s an iconic American brand built for families,” Mr. Erb remarked. “Walking through our Fort Pierce, FL manufacturing facility with Joseph, I witnessed the impressive technological advancements and the intricate craftsmanship that defines each Twin Vee. Furthermore, their investment in a 30,000 sq. ft facility expansion will enhance quality and modern manufacturing techniques. I am eager to engage with all Twin Vee Dealers as well as dealers I’ve partnered with throughout my career. As we strengthen our partnerships, Twin Vee will be recognized for its collaborative approach and proactive support for our dealers and products!”

Prior to this role, Mr. Erb was the National Sales Manager for Four Winn’s Boats, where he spearheaded sales and business development for the Four Winn’s & Wellcraft Brands across the Americas. He has also held the position of VP of Sales and Business Development for SHERP of North America, where he developed its North American dealer network. From 2016 to 2023, Mr. Erb was with BRP, Inc., serving in various capacities, including Business Development Manager for the Marine Group Division in the U.S. Southeast and Field Operations Manager for the Powersports Division. His past roles also include Production Manager at Harley Davidson’s York Vehicle Operations, Operations Director/Regional Sales Manager for Premier Property Service of York, LLC, and Executive Consultant and International Sales Director for International Business Service Group.

Mr. Erb holds a Master of Business Administration in Human Resource Management, awarded in 2021, as well as a Bachelor of Business Administration from Wrexham Glyndwr University, earned in 2017.

Boat dealers wishing to join the Twin Vee family can reach out to Shawn Erb at [email protected] or Loretta Ball at [email protected].

About Twin Vee PowerCats Co.

Twin Vee PowerCats Co. specializes in manufacturing, distributing, and marketing power sport boats. The Company offers a diverse range of boats suitable for fishing, cruising, and recreational activities. Twin Vee PowerCats are celebrated for their stability, fuel efficiency, and smooth-riding catamaran hull designs. Recognized as a prominent name in the catamaran sport boat sector, Twin Vee is renowned as the “Best Riding Boats on the Water™.” Based in Fort Pierce, Florida, the Company has a rich history of building and selling boats for 30 years. More information can be found at twinvee.com.

Follow Twin Vee PowerCats Co. on Facebook and Instagram.

Watch the Twin Vee team discuss the development of the GFX-2 on YouTube.

Forward-Looking Statements

This press release includes certain forward-looking statements as defined by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements use terms such as “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project,” and other similar expressions to denote forward-looking outcomes. This includes forecasts regarding Mr. Erb’s role in leading the Company’s sales operations, establishing strong dealer relationships, and managing product line support, alongside the expected benefits of Mr. Erb’s expertise and leadership in driving the Company’s growth and outreach. Such forward-looking statements are based on management’s expectations at the release date and are subject to various risks and uncertainties that may cause actual results to differ significantly from those anticipated. Key factors that might influence results include Mr. Erb’s contributions to the Company’s expectations, the ability to introduce new models successfully, and the Company’s capacity to maintain and develop its dealer network. Additional risk factors are detailed in the Company’s Annual Report on Form 10-K for the year ending December 31, 2023, its Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as well as subsequent SEC filings. This information is current only as of the date of this release; the Company does not commit to updating any forward-looking statements as a result of new information or future events unless required by law.

Contact:

Glenn Sonoda
[email protected]

SOURCE: Twin Vee PowerCats Co.

View the original press release on accesswire.com

Twin Vee PowerCats Co. Appoints Shawn Erb as Director of Sales and Dealer Relations

Categories
Harley Davidson News

Ex-Kia Dealer Transitioning to Used Car Sales Enters Administration – Car Dealer Magazine

A previous Kia dealer, which transferred its franchise to another group due to concerns over the expenses associated with refreshing its brand image, has entered administration.

Last year, Marsh Holdings Limited transitioned into a used car specialist after selling its Kia franchise to Howards during the summer.

The company also held motorcycle franchises for brands such as Harley Davidson in Plymouth and Southampton, Triumph in Plymouth, and Yamaha in Exeter.

Administrators from Westcotts Business Recovery in Exeter have been appointed.

A statement on the company’s used car website announced: ‘It is with great sadness that we must inform you that trading has ceased immediately.

‘Following a challenging period marked by economic uncertainty, adverse weather, excess supply and inventory from our manufacturing partners, along with the severe impact of recent budget announcements on businesses, we find ourselves in a position similar to many others, which is untenable.’

‘We assure you that every effort was made to avoid this outcome; however, this decision is necessary to minimize the impact on all affected parties.’

‘We acknowledge that many of you may have concerns or pending issues, and we want to assure you that we are doing everything possible to address these. We kindly request your patience as we work towards resolving these matters swiftly.’

In the message, gratitude was expressed to customers who had ‘become friends’ over the past 22 years for their support.

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Financial records for the group, submitted at the end of September, revealed an operating loss of £852,399 last year.

Considering a £1.2m second payment from the sale of Kia Taunton, the group ultimately reported a profit of merely £27,526 for the year.

In their annual accounts, directors noted: ‘The group would have required significant investment in its Taunton premises in the short term to comply with [Kia’s] latest corporate identity standards.’

‘The directors assessed the required scope of work and estimated that over £750,000 would be necessary, not to mention the disruption to regular business operations during a three-month work period.

‘Considering the disturbance and inconvenience to our customers, along with the associated costs, the imminent 2030 targets, and evolving consumer trends over the past three years, the directors concluded that it was not in the group’s best interest, prompting efforts to sell the business.’

‘On August 4th, 2023, an asset sale was executed to Howards Group, resulting in the transfer of all staff under TUPE regulations. The transaction generated substantial cash, which aided in debt reduction.’

The directors also reported challenges with their Harley Davidson ventures due to ‘price increases’. The Exteer Yamaha store only opened at the end of 2023.

Looking ahead at that time, the company cautioned: ‘In the coming year, numerous economic challenges will arise. Ongoing media narratives around economic instability, heightened inflation, and persistently high interest rates are likely to impact consumer confidence and spending behaviors.

‘The directors remain cautiously optimistic about the future and will persist in being decisive, dynamic, and responsive in these fast-evolving and unprecedented times.’

The administrators can be reached at 01392 288555.