OPE & Powersports Dealer in Tenn. Changes Hands

Husband and wife team Derek and Laura Clardy have sold Motogear Warehouse to Scott Lawrence and his father Laney Lawrence, the principals of Triple Curl Capital LLC, after a highly successful 12 years of ownership. The couple established the dealership, located in Shelbyville, Tennessee, in 2011 and oversaw its expansion from a pre-owned motorcycle business to a prominent powersports, tractor and power equipment dealer. In that expansion, the business grew into a 21,000-square-foot facility on six acres with additional covered storage.

Scott Lawrence and his father Laney were in search of a new business interest. Mike Pate, vice president of Powersports Listings M&A (PLMA), orchestrated the transaction and presented Scott and Laney with the Motogear Warehouse buyout opportunity.

Mike Pate, PLMA’s CIO David Clay and CEO Tom Macatee, managed the successful transaction and final reconciliations, and they finalized the change of ownership on December 21, 2023.

Rebrand

The new owners will continue to carry brands such as CAN-AM, Kawasaki, Massey Ferguson and Scag Power Equipment when they rebrand the business as Southbound Powersports. Scott and Laney Lawrence’s track record of entrepreneurial acumen, coupled with the dedication and discipline of MotoGear Warehouse’s exceptional team, promises a continued positive trajectory for the dealership.

Derek and Laura Clardy take pride in passing the baton to capable hands to continue to support the riders and farmers of Shelbyville and neighboring areas. “We have such great customers and employees, so it was not an easy decision to sell the business that we built together for 12 years,” Derek and Laura Clardy say. “We appreciate Mike Pate and the PLMA team for smoothing out the process.”

“I could not have asked for better people than the Clardy’s to work with as a buyer,” Scott Lawrence says. “Be on the lookout for our new signs and new name Southbound Powersports.”