Terrace Ford Lincoln Acquired by Richter and Scherle Families, Rebranded as Lakewest Ford Lincoln

Transaction Facilitated by Performance Brokerage Services

BURLINGTON, ON, July 28, 2025 /PRNewswire/ -- When Go Auto needed to find the right buyer for their Burlington Ford Lincoln dealership, they faced a challenge that many dealership owners know well: how to ensure their business lands in the hands of operators who will not only maintain its success, but elevate it. The answer came through Performance Brokerage Services, North America's highest-volume dealership brokerage firm, which facilitated the sale of Terrace Ford Lincoln to the Richter and Scherle families last week.

The dealership will now operate as Lakewest Ford Lincoln, bringing together two distinguished automotive groups with complementary strengths. The Richter Group contributes over 60 years of automotive expertise through their ownership of Eastgate Ford, Hamilton's longest-standing Ford dealership, while The Scherle Group brings deep Burlington roots and a sterling reputation for community leadership and automotive excellence.

For The Richter Group and The Scherle Group, this acquisition represented the perfect opportunity to combine proven operational expertise with local market knowledge. The newly rebranded Lakewest Ford Lincoln allows them to expand their successful family-owned approach, bringing state-of-the-art facilities and comprehensive vehicle selection to Burlington's growing automotive market.

"Rob Armstrong and the team at Performance executed this deal at the highest level," said Jared Priestner, Principal of Go Auto. "Really not a hiccup in the whole deal and found us the perfect buyer very quickly. I love doing business with Performance. First Class deal all around."

The success of this transaction demonstrates Performance Brokerage Services' ability to understand what both sellers and buyers truly need. Rather than simply matching any available parties, the firm's process identified buyers whose values, experience, and vision aligned perfectly with the sellers' goals and the community's needs.

Rob Armstrong, Senior Partner at Performance Brokerage Services' Canadian headquarters, emphasized the strategic fit: "Working with Lance and The Richter Group over the years, you see operators who understand what it means to build lasting relationships with their community. Partnering with The Scherle Group, who have such deep Burlington roots, creates the foundation for long-term success."

Steve Allen, Partner at Performance Brokerage Services Canada, added: "David Scherle has built an impressive track record, and teaming The Scherle Group up with The Richter Group—operators with clear vision and consistent values—sets this dealership up for exceptional growth."

Lance Richter of The Richter Group expressed confidence in their decision: "We appreciated the professionalism and guidance provided by Performance Brokerage Services throughout this transaction. Their team made the process smooth from start to finish, and we're excited to continue serving the community under the Lakewest Ford Lincoln name."

David Scherle of The Scherle Group praised the brokerage process: "We'd like to extend our sincere thanks to Rob Armstrong and Steve Allen for their support in negotiating this transaction. Their professionalism, industry knowledge, and strategic guidance were helpful in ensuring a smooth and successful outcome. We appreciated their clear communication, attention to detail, and commitment to process. We highly recommend their services to anyone involved in dealership transactions."

The transaction reflects Performance Brokerage Services' track record of creating value for all parties involved. With over 30 years of experience, 900+ dealerships sold, and a 90% closing rate, the firm's success stems from understanding that every transaction represents more than just a business deal—it's about preserving legacies, enabling growth, and strengthening communities.

Performance Brokerage Services operates on a success-fee-only basis with no upfront costs or retainers, ensuring complete alignment with their clients' goals. Their Canadian headquarters location in Burlington provided intimate local market knowledge combined with national reach, contributing to the seamless transition from Terrace Ford Lincoln to Lakewest Ford Lincoln.

About Performance Brokerage Services

Performance Brokerage Services, Inc. is North America's highest volume dealership brokerage firm, specializing in buy-sell activity for automotive, RV, commercial truck, powersports, and equipment dealerships. With over 30 years of experience, 900 dealerships sold, and a 90% closing rate, the company's reputation is unmatched and governed by the utmost ethical conduct and integrity.

The company offers a unique approach by providing complimentary estimates of value with no upfront fees or retainer, no reimbursement of costs, and paid a success fee only after the transaction closes. Headquartered in Irvine, California and supported by 12 regional offices across the United States and Canada, clients benefit from national exposure with local representation.

As trusted and respected experts in the field, the company utilizes an extensive network of industry-related attorneys, accountants, hundreds of registered buyers, and longstanding relationships with various vehicle manufacturers. For more information about the services offered by Performance Brokerage Services, visit https://performancebrokerageservices.com.

Media Contact:
Robert W. Armstrong, Senior Partner
(905) 320-3433
[email protected]

SOURCE Performance Brokerage Services, Inc.