Kerrigan Advisors, the leading sell-side advisory firm to auto dealers in the US, represented and advised Edmark Superstore, one of Idaho's highest volume selling dealerships, in its sale to Kendall Auto Group. The Edmark Superstore is co-owned by David Edmark and Jim Chalfant. Edmark Superstore's franchises include Chevrolet, Cadillac, Buick, GMC and Kia. With this acquisition, Kendall Auto Group will now own 38 dealerships in Oregon, Alaska and Idaho.
"We are confident that Kendall will continue the standards of quality and customer service that has been a hallmark of Edmark's business since its founding," said David Edmark. "We are grateful to Kerrigan Advisors for identifying Kendall as the best buyer of our stores."
"Kerrigan Advisors smoothly guided us to this very successful outcome, offering just the right combination of expertise, responsiveness and client service to shepherd the process to its optimal conclusion," said Jim Chalfant. "We appreciated having Kerrigan Advisors by our side throughout the sale." Kerrigan Advisors, headed by Erin and Ryan Kerrigan has now represented on the sale of 43 dealerships since July 2015, making it the most active sell-side advisor in the auto retail industry. The firm has also represented three of the top 100 dealership groups in the last 12 months.
"We are proud to have had a role in this successful transaction, which marks our 43rd dealership sale in the past 18 months," said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors. "Our job is not simply to enable the best possible financial transactions for our clients, but to identify a buyer who will carry on the legacy of our clients' dealership business," continued Ryan Kerrigan, Managing Director of Kerrigan Advisors. "The Edmark Superstore/Kendall Auto Group transaction is another example of the fulfillment of our core goals," said Erin Kerrigan.
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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