Lanie Ridder, vice president of finance at Vince’s GM Center, a Chevrolet-GMC dealership in Burlington, Colo., is now majority owner and dealer principal after purchasing most of the dealership from her parents, Vince and Jana Schreivogel.
In 1983, Vince Schreivogel purchased the first of two dealerships that ultimately would be combined into Vince’s GM Center, according to National Business Brokers, a buy-sell firm in Irvine, Calif., which facilitated the transaction. The family has operated the dealership at its current facility since 2012, the firm said.
In the past, the business also had Pontiac, Oldsmobile, Buick and Cadillac franchises.
Ridder said in a phone interview that the dealership dropped the Cadillac franchise last year and the Buick franchise effective Jan. 31, rather than make the required investment to sell electric vehicles.
When the transaction closed Oct. 31, it was for the Chevrolet and GMC franchises only.
“It’s a rural market. It’s slower to adapt to new things,” Ridder said.
Burlington is in eastern Colorado, near the Kansas border.
Vince Schreivogel was dealer principal. Jana Schreivogel remains the dealership’s controller, Ridder said.
Her parents retained a minority share, but ultimately, Ridder said they plan to retire.
Drew Bray and Chris Teape of National Business Brokers worked on the transaction. Bray is vice president and Teape is senior vice president of the firm’s Midsouth region.
