Sam Toliver and Shelton Toliver in February procured the former BF White Motor Co., a longtime Ford dealership in compact Stanton, Texas.
The dealership was renamed Bailey Toliver Ford. Sam Toliver is vendor principal and his son, Shelton, is standard supervisor.
The seller in the Feb. 16 transaction was Ronda Ireton, bulk shareholder of the providing corporate entity, claimed Tom Choate, a lawyer in Abilene, Texas, who encouraged the purchasers in the acquisition.
Ronda Ireton’s late husband, Danny Ireton, owned the Ford dealership, the place he experienced worked his way up from support technician. Danny Ireton also was a volunteer firefighter. He was killed in a traffic accident on Aug. 4, 2021, even though responding to an crisis contact, in accordance to the area CBS affiliate. He was 61, in accordance to his obituary.
The buy-promote agreement was underway at the time of Ireton’s dying and experienced to be rewritten after ownership handed to his widow, Toliver claimed.
The Toliver spouse and children also owns three Bailey Toliver RV dealerships: in Stanton, Brownfield and Victoria, Texas. The dealerships are named right after Sam Toliver’s late father.
Sam Toliver also owned the former Bailey Toliver Chevrolet in Haskell, Texas, from 1997 to July 2021, when he sold it. That retailer is now Mitch Hall Chevrolet.
Toliver reported the Ford franchise in Stanton dates back to 1929. He said yearly new-vehicle volume for the dealership has been about 550 motor vehicles, like fleet and retail, “in a very good calendar year.”
Traditionally, fleet product sales have accounted for most of its income, he said. The city is surrounded by the electricity marketplace and nearby Permian Basin, a substantial oil deposit, he mentioned.
Toliver stated he is scheduling to shift the dealership to a new site a few of miles absent, closer to the I-20 freeway bypass, and adjacent to this RV dealership in Stanton.
“It’s aged. I am going to construct a new 1, new building,” he stated. “The previous 1 is downtown, in a compact, rural city.”
Dan Leroy with the Cotton Bledsoe Tighe & Dawson regulation agency, in Midland, Texas, encouraged the seller in the transaction.