Payne Auto Group has expanded its South Texas footprint with the purchase of Team Chevrolet-GMC in Alice from Mike Terry Auto Group and Steven Jackson of Jackson Automotive Group. The store will continue operating at its current location under its new name, Payne Alice Chevrolet-GMC, representing both Chevrolet and GMC franchises. Performance Brokerage Services served as the exclusive advisor in this transaction.
Deal Details:
Seller: Mike Terry of Mike Terry Auto Group and Steven Jackson of Jackson Automotive Group
Buyer: Payne Auto Group
Transaction Date: November, 2025
Rebranded Dealerships:
- Team Chevrolet-GMC → Payne Alice Chevrolet-GMC
Advisor/Facilitator: Performance Brokerage Services
