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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