A Succession Story
Jimmy Walker had left Laurel Ford Lincoln Kia Inc. (No. 59 on the BE Auto Dealers list with $21.7 million in revenues) in the hands of his managers to focus on his other dealerships. But when the business lost a combined $1.4 million in 2007, 2008, and 2009, the 25-year industry veteran was compelled to return to stop the red ink before transitioning the business to his daughter.