Two high-volume Florida dealerships sold to LMP Motors.
INCLINE VILLAGE, Nev.--(BUSINESS WIRE)--Kerrigan Advisors, a leading sell-side advisory firm and thought leader to auto dealers in the US, represented and advised Fuccillo Automotive Group, one of the largest private dealership groups in the nation, in its recent sale of Fuccillo Kia of Cape Coral and Fuccillo Kia of Port Charlotte in Southwest Florida to LMP Motors.
Over the years, Fuccillo's Florida dealerships have built a successful track record in the competitive and highly sought-after Florida car market. Kia of Cape Coral and Kia of Port Charlotte rank within the top 11 largest Kia dealerships in the US with respect to new unit sales.
"We are lucky to be part of these Florida communities, and to have sold cars to so many of the people who live and work in Cape Coral and Port Charlotte" said Billy Fuccillo Jr., Vice President of Fuccillo Automotive Group. "And I'm just as fortunate to have worked with Kerrigan Advisors on this transaction. I needed advisors who are professionals when it comes to selling dealerships. That's what I got with the team at Kerrigan Advisors."
"There is a huge relationship between Floridians and the Fuccillo's: the group's iconic style and larger-than-life personality are part of community lore - one need only mention the popularity of Billy Fuccillo's commercials to appreciate the positive impact the Fuccillo's have had on the area at large" said Gabe Robleto, Vice President of Kerrigan Advisors. "Working with the Fuccillo's has been a privilege and we are proud to have represented them in several successful transactions."
"Florida is a highly sought-after market by buyers due to the state's robust population and job growth, lower taxes and high revenue per dealership - the 2nd highest in the US. The Fuccillo dealerships were valuable and unique assets that required a precise understanding of the particulars of this market and the buyer pool" said Ryan Kerrigan, Managing Director of Kerrigan Advisors. "We are very pleased with the results of these transactions for our client and are confident that LMP Motors will continue the Fucillo's premier legacy of excellent customer and community service throughout Florida."
To contact Kerrigan Advisors, the most active sell-side advisor on larger transactions in the auto retail industry, click here.
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 280 dealerships representing $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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