Sam Toliver and Shelton Toliver in February obtained the former BF White Motor Co., a longtime Ford dealership in modest Stanton, Texas.
The dealership was renamed Bailey Toliver Ford. Sam Toliver is vendor principal and his son, Shelton, is typical manager.
The seller in the Feb. 16 transaction was Ronda Ireton, greater part shareholder of the marketing corporate entity, stated Tom Choate, a attorney in Abilene, Texas, who suggested the purchasers in the acquisition.
Ronda Ireton’s late partner, Danny Ireton, owned the Ford dealership, in which he had labored his way up from services technician. Danny Ireton also was a volunteer firefighter. He was killed in a site visitors accident on Aug. 4, 2021, though responding to an unexpected emergency call, in accordance to the community CBS affiliate. He was 61, in accordance to his obituary.
The buy-provide agreement was underway at the time of Ireton’s loss of life and had to be rewritten after ownership passed to his widow, Toliver claimed.
The Toliver loved ones also owns 3 Bailey Toliver RV dealerships: in Stanton, Brownfield and Victoria, Texas. The dealerships are named after Sam Toliver’s late father.
Sam Toliver also owned the previous Bailey Toliver Chevrolet in Haskell, Texas, from 1997 to July 2021, when he bought it. That keep is now Mitch Corridor Chevrolet.
Toliver reported the Ford franchise in Stanton dates again to 1929. He claimed annual new-motor vehicle volume for the dealership has been about 550 autos, such as fleet and retail, “in a fantastic year.”
Traditionally, fleet product sales have accounted for most of its income, he mentioned. The town is surrounded by the vitality market and nearby Permian Basin, a significant oil deposit, he claimed.
Toliver explained he is arranging to move the dealership to a new web site a few of miles away, nearer to the I-20 freeway bypass, and adjacent to this RV dealership in Stanton.
“It truly is aged. I’m likely to develop a new one, new development,” he reported. “The aged a person is downtown, in a small, rural city.”
Dan Leroy with the Cotton Bledsoe Tighe & Dawson law agency, in Midland, Texas, recommended the vendor in the transaction.