MD Johnson, Inc. Advises Tim Bush on the Sale of BMW of Tri Cities to Ralph Martinez and the Town & Country Auto Group
RICHLAND, Wash., April 24, 2015 /PRNewswire/ -- MD Johnson, Inc. is pleased to congratulate Tim Bush and Ralph Martinez on the completion of the sale of BMW of Tri Cities to Mr. Martinez. The dealership will remain named BMW of Tri Cities. Christopher Martinez, son of Ralph Martinez has been named general manager. No sales price was disclosed. The dealership will remain in its current new state of the art BMW facility off of I82 and Aaron road. The real estate, also acquired by Martinez was acquired in a separate transaction from Bush. The closing of the transaction occurred after required and customary approvals by BMW. Bush purchased the dealership form long time Yakima auto dealer Dick Hahn of Hahn Motor Company. MD Johnson Inc represented Mr. Hahn in the sale to Tim Bush. Bush relocated the dealership to suburban Richland WA. Prior to Bushs' relocation, the Tri Cities had not had a BMW dealer for over 20 years.
Bush, a well known auto dealer and real estate developer had previously owned the Suzuki franchise in the Tri Cities along with his separate pre owned vehicle business. Mark Topping was the transaction manger for MD Johnson Inc in the sale of the dealership to Martinez. Mark Johnson, President of MD Johnson Inc commented that, "Tim has enjoyed his time in the automobile business and will continue to expand his growing full service automated car wash business in the greater Pasco, Richland and Kennewick areas." Bush is joined in his business by sons TJ Bush and Blake Bush. Martinez's Town & Country group also owns Town & Country Honda (www.tchondagladstone.com) in Gladstone Oregon, a suburb of Portland. Martinez stated that, "we are very happy to be a part of the BMW family. BMW is considered at the top of the luxury brands and we are excited to represent them in the Tri Cities."
MD Johnson, Inc. is the premier US provider of automotive dealership buy sell, financial advisory and automotive succession planning services. The firm advises dealers, both public and private on the purchase, sale, analysis, succession, valuation and restructuring of automobile dealerships, dealership platforms as well as dealership real estate through their wholly owned real estate entity, MDJ Realty Inc and is fully licensed and insured. The firm represents clients nationwide supporting their buy sell activities and has advised on more than $3,610,000,000.00 in transactions throughout the US, Canada and South America exclusively through M D Johnson Inc and MDJ Realty Inc. Mark Johnson (702) 497 5480
WWW.MDJOHNSONINC.COM [email protected]
SOURCE MD Johnson Inc.
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