Chrysler Dodge Jeep Ram Sanford to Lithia Motors.
It is also Kerrigan Advisors’ seventh multi-dealership transaction since the first quarter of 2020, and its sixth Florida dealership sale since December 2019, according to a press release.
“To successfully sell two highly profitable dealerships in Orlando, we hired Kerrigan Advisors because we knew they would not only find the right buyer, they would also actively manage the sale process and ensure a smooth closing,” John Fields, owner of Fields Auto Group, said in the release. “No other sell-side advisor understands the fluctuations of the auto retail market the way Kerrigan Advisors does, and few if any understand the value of dealerships and blue sky as well as they do.”
Apart from its sell-side advisory work, the firm also offers strategic consulting services to dealers that includes growth planning, capital raising and valuation analysis. This helps in creating value at every stage of the auto retail lifecycle, the press release said.
Kerrigan Advisors is the leading sell-side advisor and thought partner to auto dealers nationwide. Since its founding in 2014, the firm has led the industry with the sale of over 275 dealerships representing nearly $9 billion in client proceeds, including the third largest transaction in auto retail history – the sale of Jim Koons Automotive Companies to Asbury Automotive Group. The firm advises the industry’s leading dealership groups, enhancing value through the lifecycle of growing, operating and, when the time is right, selling their businesses. Led by a team of veteran industry experts with backgrounds in investment banking, private equity, accounting, finance and real estate, Kerrigan Advisors does not take listings, rather they develop a customized sales approach for each client to achieve their personal and financial goals. In addition to the firm’s sell-side advisory services, Kerrigan Advisors also provides a suite of consulting and investor services including growth strategy, market valuation assessments, capital allocation, transactional due diligence, open point proposals, operational improvement and real estate due diligence.
Kerrigan Advisors monitors conditions in the buy/sell market and publishes an in-depth analysis each quarter in The Blue Sky Report®, which includes Kerrigan Advisors’ signature blue sky charts, multiples, and analysis for each franchise in the luxury and non-luxury segments. To download a preview of the report, click here. The firm also releases monthly The Kerrigan Index™ composed of the seven publicly traded auto retail companies with operations focused on the US market. The Kerrigan Auto Retail Index is designed to track dealership valuation trends, while also providing key insights into factors influencing auto retail. To access The Kerrigan Index™, click here. To read the 2023 Kerrigan Dealer Survey, click here. To read the 2024 Kerrigan OEM Survey, click here. Kerrigan Advisors also is the co-author of NADA’s Guide to Buying and Selling a Dealership.
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