SHELBYVILLE, TN – 30/12/2023 – (SeaPRwire) – After 12 prosperous years steering MotoGear Warehouse to become a leading regional powersports dealer, founders Derek and Laura Clardy have passed the torch to new owners Scott and Laney Lawrence of Triple Curl Capital LLC. The change in ownership was finalized on December 21, 2023 after a smooth transition orchestrated by the specialists at Powersports Listings M&A (PLMA).
The Clardys founded MotoGear Warehouse in 2011, originally selling pre-owned motorcycles. Through dedication and strategic growth, they transformed it into a prominent supplier of powersports, tractors, and power equipment, representing renowned brands. The sprawling 21,000 sq. ft. facility on 6 acres houses ample inventory and storage solutions.
Vice President Mike Pate of PLMA, entrusted with facilitating the acquisition process, successfully matched seasoned entrepreneur Scott Lawrence and his father Laney to the opportunity. With deep roots in the region as Lebanon, TN residents, the Lawrences were seeking new business ventures utilizing their acumen.
Top brands like CAN-AM, Kawasaki, Massey Ferguson and Scag will remain core products, cementing MotoGear’s commitment to offering high-caliber equipment and service. Under the guidance of Mike Pate, PLMA’s CEO Tom Macatee, and CIO David Clay, the ownership change and financial reconciliations were handled meticulously.
“We built this business together over 12 years, so selling was difficult despite having great customers and employees,” said Derek and Laura Clardy. “We appreciate PLMA and Mike Pate for smoothing the process.”
The Lawrences’ entrepreneurial track record, paired with the dedicated MotoGear team, promise continued success. The Clardys take pride in passing the reins to capable new stewards who will maintain excellent local support.
“I couldn’t have asked for better sellers than the Clardys to work with,” said Scott Lawrence. “Watch for our new name and signs – Southbound Powersports.”
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