Federated Member Midway Auto Supply Celebrates 50th Anniversary

The store got is name because Henry Levine's in-laws had a sign he could use - the one from the former Midway Theater in Dallas. Fifty years later, that name, Midway Auto Supply, is synonymous with first class customer service in the Dallas-Ft. Worth area when it comes to auto parts. On July 31, Midway Auto Supply celebrated its 50th anniversary party with its customers.

The store got is name because Henry Levine’s in-laws had a sign he could use – the one from the former Midway Theater in Dallas. Fifty years later, that name, Midway Auto Supply, is synonymous with first class customer service in the Dallas-Ft. Worth area when it comes to auto parts. On July 31, Midway Auto Supply celebrated its 50th anniversary party with its customers.

“We want to thank all of our customers who attended our anniversary celebration,” said Martin Levine, president of Midway Auto Supply. “We had a great day and wonderful turnout. We also want to thank our great employees whose dedication and commitment to excellence has allowed us to be a success for the last 50 years. Midway Auto Supply is known for not telling our customers ‘no’ and providing them solutions to their problems. We have that reputation because of the hard work of our employees.”

Henry Levine started the business in 1960 but died two years later. His sons Martin and Steve took over and, with the help of the entire family, turned it into one of Dallas-Ft. Worth’s leading auto parts suppliers with three locations. Three generations of Levines now operate the business. Besides Martin and Steve, Martin’s son Herb is the manager of one of the stores, his brother Larry is in charge of ordering and finances, and their sister Helen runs Midway’s internet business while three grandchildren also work part-time.

“We want to congratulate the entire Levine family on their 50th anniversary,” said Phil Moore, senior vice president for Federated. “Midway is known for its exceptional customer service and everyone at Federated is truly honored to be associated with the Levine family. We wish them another 50 years of great success.”

For more information, visit www.federatedautoparts.com.

When Your Shop Is Worth Much More Than You Thought

Although every sale of a shop in which I am involved has its own unique set of circumstances, which makes my job both very interesting and very challenging, Cowden Automotive stands out as particularly memorable because I was able to demonstrate to the long-time owner, Paul Cowden, that his business was worth about three times what he had initially thought.

Case Study: Owner of San Francisco-based Import Service Shop Delighted to Discover Just How Valuable His Business is to Qualified Buyers
I sometimes share case studies of the clients I have been able to assist in my role as an aftermarket business broker and provider of intermediary and advisory services. I do that when I think the story will provide a reader in similar circumstances with new insights or helpful information.
In the case of Cowden Automotive, Inc., I acted in a consulting capacity assisting the owner and his broker in valuing the business, creating a marketing plan, finding a qualified buyer, and arranging financing for the sale.
Although every sale of a shop in which I am involved has its own unique set of circumstances, which makes my job both very interesting and very challenging, Cowden Automotive stands out as particularly memorable because I was able to demonstrate to the long-time owner, Paul Cowden, that his business was worth about three times what he had initially thought.
Needless to say, delivering that kind of good news to a shop owner is a rewarding experience. Discovering that the sale of his business would result in his retirement nest-egg being substantially larger than he had ever thought was a fitting tribute to someone who had spent his entire working career as a busy automotive service shop owner.

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