Sam Toliver and Shelton Toliver in February bought the previous BF White Motor Co., a longtime Ford dealership in small Stanton, Texas.
The dealership was renamed Bailey Toliver Ford. Sam Toliver is supplier principal and his son, Shelton, is typical manager.
The seller in the Feb. 16 transaction was Ronda Ireton, greater part shareholder of the advertising corporate entity, mentioned Tom Choate, a lawyer in Abilene, Texas, who suggested the purchasers in the acquisition.
Ronda Ireton’s late husband, Danny Ireton, owned the Ford dealership, where he had labored his way up from service technician. Danny Ireton also was a volunteer firefighter. He was killed in a visitors accident on Aug. 4, 2021, while responding to an unexpected emergency contact, in accordance to the community CBS affiliate. He was 61, in accordance to his obituary.
The invest in-offer arrangement was underway at the time of Ireton’s dying and experienced to be rewritten soon after possession passed to his widow, Toliver said.
The Toliver relatives also owns 3 Bailey Toliver RV dealerships: in Stanton, Brownfield and Victoria, Texas. The dealerships are named right 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 sold it. That retailer is now Mitch Corridor Chevrolet.
Toliver stated the Ford franchise in Stanton dates back to 1929. He said once-a-year new-car quantity for the dealership has been about 550 vehicles, such as fleet and retail, “in a superior yr.”
Historically, fleet income have accounted for most of its revenue, he stated. The city is surrounded by the electricity market and close by Permian Basin, a massive oil deposit, he stated.
Toliver reported he’s setting up to move the dealership to a new web-site a couple of miles absent, closer to the I-20 highway bypass, and adjacent to this RV dealership in Stanton.
“It’s outdated. I am heading to develop a new one, new development,” he stated. “The outdated one particular is downtown, in a tiny, rural town.”
Dan Leroy with the Cotton Bledsoe Tighe & Dawson law agency, in Midland, Texas, encouraged the seller in the transaction.