Nancy Phillips Associates is pleased to announce the partnership of Joel Baker, owner of Baker Cadillac in Leominster MA and Rick Durand, owner of Durand Chevrolet in Hudson MA. The two dealers have formed a partnership for which Durand is the majority shareholder, and purchased Chapdelaine Buick GMC from Mark and Mike Chapdelaine, to create the new Durand Buick GMC Cadillac dealership in Leominster, MA.
General Motors was instrumental in realigning the market area which will now be supported by a fully brand-compliant facility for each of the franchises.
The move represents great forward momentum for all parties. Mark and Mike Chapdelaine will continue to operate their Hino dealership in Lunenburg, MA. Joel Baker has enhanced his top-selling Cadillac franchise with the addition of Buick and GMC. Rick Durand has increased the value of his GM stake in the West Central MA market area.
Every detail of this multi-tiered dealership transaction was orchestrated exclusively by Nancy Phillips of Nancy Phillips Associates.
Pictured from left: Bob Macdonald of Bernstein Shur, Attorney for the Transaction; Rick Durand; Nancy Phillips; Joel Baker; Mark Chapdelaine; Mike Chapdelaine; and Jeffrey Wormald, New England Zone Manager for General Motors Buick GMC Division