Richter and Scherle Families Acquire Terrace Ford Lincoln; Rebrand as Lakewest Ford Lincoln
July 28, 2025
The Richter Group and The Scherle Group purchased Terrace Ford Lincoln from Go Auto and have rebranded the dealership as Lakewest Ford Lincoln. Performance Brokerage Services advised on the transaction; the buyer families plan to expand their family-owned dealership presence in the Burlington market and continue operations under local ownership.
- Buyers
- The Richter Group, The Scherle Group
- Targets
- Terrace Ford Lincoln
- Sellers
- Go Auto
- Industry
- Automotive
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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