Murgado Automotive Group, of Miami, has grown by three dealerships in two states since July.
In California, Murgado Automotive bought Mercedes-Benz of Foothill Ranch and Mercedes-Benz of Laguna Niguel from Mission Imports and Pat Bolter. The deal closed July 2. The stores retained their names.
“We were extremely excited about this opportunity and the iconic dealerships’ locations and look forward to growing the brand and building lifetime clients,” Mario Murgado said in a statement.
Kerrigan Advisors, a dealership sell-side firm in Incline Village, Nev., advised the seller in that transaction.
Murgado Automotive ranks No. 86 on Automotive News’ list of the top 150 dealership groups based in the U.S., retailing 13,064 new vehicles in 2023. Fox Motors ranks No. 50, retailing 19,844 new vehicles in 2023.
Click here to read the full article [may require a subscription].
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.
Contact us to learn more about Kerrigan Advisors’ sell-side services.
All of our conversations are 100% confidential.
