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Special Report: After the Ink Dries

A History of Acquisitions and Owner Transitions for Champlain Valley Equipment

By Jaime Elftman posted on June 11, 2016 | Posted in Best Practices, Department Management
Over the past 15 years, Champlain Valley Equipment, a 5-store New Holland, Case IH and Kubota dealership in Vermont, has acquired six other dealerships. In several cases, the selling owner was offered a new position within the dealership. Brian Carpenter, general manager of Champlain Valley, says making the transition from owner to staff member has gone smoothly in each case.
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Brain Carpenter
Special Report: After the Ink Dries

Plan Early, But Have Patience

While Champlain Valley Equipment doesn’t have a script for acquiring another dealership, planning early and addressing challenges as they appear has led to six smooth dealership transitions for the company.
By Jaime Elftman posted on June 11, 2016 | Posted in Best Practices, Department Management
While Champlain Valley Equipment doesn’t have a script for acquiring another dealership, planning early and addressing challenges as they appear has led to six smooth dealership transitions for the company.
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Special Report: After the Ink Dries

Assimilating an Acquired Dealership: Issues & Missteps

Buying another dealership is the easy part. Integrating it into the overall organization is the bigger challenge.
By Dave Kanicki posted on June 11, 2016 | Posted in Best Practices, Operations & Finance, Department Management, Dealer Succession
When it comes to either buying or selling a dealership, when the deal is done, the parties on the different sides of the table say they all face the same set of challenges. How the issues are prioritized may differ if you’re the buyer or seller, but the concerns remain the same.
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Consultants
Special Report: After the Ink Dries

Consultants Offer ‘Post-Deal’ Insights

Professional management advisors share top tips on how to integrate store cultures, operations and systems on ‘Day 1’ of an acquisition.
By Mike Lessiter posted on June 11, 2016 | Posted in Best Practices, Department Management
You know that you’ve got a complex subject when a canvassing of experts stirs up an array of answers to identical questions, even from professionals in the same organization.
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[Webinar] The Secrets to Negotiating and Closing More Sales

June 9, 2016 | Posted in Department Management
In Rural Lifestyle Dealer's latest webinar, "The Secrets to Negotiating and Closing More Sales," industry consultant and Rural Lifestyle Dealer columnist Bob Clements shared specific techniques he teaches in his sales boot camps on how to qualify, negotiate and close more sales. This FREE webinar is brought to you by Charter Software, provider of Aspen Business Systems. [To view any of our webinar replays, you must be logged in with a free user account.]
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Wider World of Business

4 Tips for Building Transparency

May 23, 2016 | Posted in Best Practices, Department Management
Source: Aaron Bell, Fortune
Creating or increasing transparency at a company is often easier said than done, and it becomes increasingly difficult the larger the company gets, writes Aaron Bell for Fortune’s Entrepreneur Insiders online community. He compares transparency to glue — it’s what keeps a company together through the peaks and troughs of business.
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