Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of General Truck Sales, Inc. with three locations in Indiana and one location in Ohio from Steve Bassett to Ron Meyering of M&K Truck Centers
IRVINE, Calif., Sept. 3, 2025 /PRNewswire/ — Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of General Truck Sales, Inc. with three locations in Indiana and one location in Ohio from Steve Bassett to Ron Meyering of M&K Truck Centers.
General Truck Sales, Inc. is a family-owned business founded in 1958. The business sells, leases, repairs, and services new and used light, medium, and heavy-duty trucks. General Truck Salevfcs, Inc. is an authorized Volvo, Mack, Hino, and Isuzu dealer and recognized four times by Volvo Trucks as North American Dealer of the Year.
The company’s state-of-the-art facilities include Toledo, Ohio, which sits on 20.25 acres with a 92,800 square-foot building, Pendleton, Indiana, on 19.4 acres with a 70,800 square-foot building, and two locations in Muncie, Indiana.
Steve Bassett, Chief Executive Officer of General Truck Sales, Inc. shared, “Since our inception in 1958, General Truck Sales has been providing first-class service to our customers. After 67 years in business and 34 years of ownership under my guidance, I have chosen to retire. Selling my business was one of the biggest decisions I’ve ever made, and I couldn’t have asked for a better partner throughout the process. From day one, Dan Argiro and the team at Performance Brokerage Services provided expert guidance, clear communication, and a level of professionalism that gave me total confidence. They worked closely with me and my team, understanding the value of what I’d built, and they worked hard to connect me with the right buyer. Thanks to their dedication, I was able to close the deal and move forward with the next chapter of my journey. We would highly recommend Dan Argiro and the Performance Brokerage Services team if you are considering buying or selling your dealership.”
Over the last 5 years, Performance Brokerage Services has advised on the sale of nearly 400 dealerships, making it the highest volume dealership brokerage firm in North America. Dan Argiro and Pat Albero, Senior Partners of the Commercial Truck & Equipment Division for Performance Brokerage Services were the exclusive sell-side advisors for this transaction.
Dan Argiro stated, “We’re proud to have successfully facilitated the sale of General Truck Sales, Inc. to M&K Truck Centers. It was an honor to have been chosen by Steve Bassett to represent him during this process. Connecting Steve with industry leader Ron Meyering and M&K Truck Centers ensures that the legacy Steve has built will continue for many decades. This transaction reflects the value of careful planning, strategic marketing, and alignment of vision between both parties. It’s always rewarding to see a business transition smoothly into capable hands, and we’re honored to have played a role in that journey.”
M&K Truck Centers is a commercial vehicle dealer group headquartered in Byron Center, Michigan. Founded in 1989 by Ron Meyering, the company began with the purchase of used truck inventory and steadily expanded into new truck sales, adding Volvo in 2002 and Mack in 2003. Over the years, M&K Truck Centers has grown through several strategic acquisitions. Performance Brokerage Services, acting as the exclusive sell-side advisor, facilitated the 2022 sale of Legacy Truck Centers (9 locations in Pennsylvania and West Virginia) and the 2024 sale of Ball Volvo in Kahoka, Missouri, both to M&K Truck Centers, further expanding M&K’s presence across Michigan, Indiana, Illinois, Missouri, Ohio, Pennsylvania, and West Virginia.
Today, M&K Truck Centers operates over 30 locations, employing more than 1,000 people. The company represents Mack, Volvo, Hino, and Isuzu trucks; Wabash, East, and Vanguard trailers; and Renegade motor coaches.
Ron Meyering, Chief Executive Officer of M&K Truck Centers commented, “The acquisition of General Truck Sales, Inc. in Indiana and Ohio was a perfect geographical fit for M&K Truck Centers. It marks the third acquisition for M&K with Dan Argiro and Pat Albero of Performance Brokerage Services. They provided detailed information, facilitated open conversations with the seller, and worked closely with our team throughout the process. As in the past, the communication with the M&K team was excellent. Our team is excited about this acquisition, and we look forward to including the General Truck Sales employees in our ESOP employee ownership plan. As expert advisors in buying or selling a dealership, I highly recommend Dan Argiro, Pat Albero, and the Performance team as advisors on a transaction. We look forward to working with them again in the future.”
General Truck Sales, Inc. will be renamed M&K Truck Centers, and all four locations will remain at their current sites.
About Performance Brokerage Services
Performance Brokerage Services, Inc. is North America’s highest volume dealership brokerage firm, specializing in buy-sell activity for automotive, RV, commercial truck, powersports, and equipment dealerships.
With over 30 years of experience, 900 dealerships sold, and a 90% closing rate, the company’s reputation is unmatched and governed by the utmost ethical conduct and integrity.
The company offers a unique approach by providing complimentary estimates of value with no upfront fees or retainer, no reimbursement of costs, and paid a success fee only after the transaction closes.
Headquartered in Irvine, California and supported by 12 regional offices across the United States and Canada, clients benefit from national exposure with local representation.
As trusted and respected experts in the field, the company utilizes an extensive network of industry related attorneys, accountants, hundreds of registered buyers, and longstanding relationships with various vehicle manufacturers.
For more information about the services offered by Performance Brokerage Services, visit https://performancebrokerageservices.com.
Media Contact:
Jesse Stopnitzky, Co-Owner
(949) 309-2851
[email protected]
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SOURCE Performance Brokerage Services, Inc.
