Lum Family acquires Toyota store from McCurley

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IRVINE, Calif. – 

According to a news release from Performance Brokerage Services, McCurley Integrity Dealerships sold one of its dealerships to the Lum Family.

Performance Brokerage Services was involved in the sale of McCurley Integrity Toyota in Walla Walla, Wash., to the Lum Family, which has owned and operated dealerships for more than 50 years.

David Lum opened the family’s first dealership in 1969 in his hometown of Astoria, Ore. The store was originally Toyota of Astoria, but the operation has since moved six miles to Warrenton and renamed Lum’s Auto Center, offering Toyota, Chrysler, Dodge, Jeep and Ram.

The company added another store in 2018, again with the help of Performance Brokerage Services, with the purchase of Lum’s Buick GMC Cadillac in McMinnville, Ore.

The newly acquired Toyota dealership will remain at its current location at 606 North Wilbur Ave. in Walla Walla and be renamed Walla Walla Toyota. Justin Teubner, former general sales manager at Lum’s Auto Center of Warrenton, is now a partner and general manager for Toyota of Walla Walla.

Over the last five years, Performance Brokerage Services has been represented in the sale of more than 200 dealerships.

“We would like to thank McCurley Integrity Dealerships for entrusting us with the sale of their Toyota dealership in Walla Walla Performance Brokerage Services partner Jesse Stopnitzky said in the news release. “Working with two first-class and highly ethical organizations, the transaction was smooth, quick and remained confidential through the closing.

“It was important that we found a buyer who shared a similar philosophy of supporting and enhancing their communities. We wish the Lum Family great success with their acquisition,” Stopnitzky continued.

McCurley Integrity Dealerships was founded in 1981 by Bill McCurley. The company still has five stores in the state of Washington, with locations in each of the Tri-Cities and offering six brands. The company believes in being a part of its local communities and participates in numerous charitable events.

For the past 19 years, McCurley has organized an annual Octoberfest that raises donations for the local food banks during the holiday season. Bill McCurley’s son, Mason McCurley, serves as president.

The Lum family has remained active in the Astoria community by supporting various non-profit organizations and serving on boards across Clatsop County.

The dealerships are now under the leadership of David Lum and his wife Shirley’s three daughters Lori, Julie, and Pam.

Representing the Lum Family in this transaction were Craig Nichols and his son, Geoff Nichols, of Nichols Law Group, based in Portland, Ore.

Representing the McCurley Integrity Dealerships in this transaction was Jim Aiken of Aiken Law Group based in Issaquah, Wash.



Source : AutoFinanceNews