Asbury Automotive added eight dealerships in the Denver area and $715 million in annual revenue by closing on the purchase of Stevinson Automotive.
The nation's sixth-largest new-vehicle retailer said it spent about $300 million for the dealership goodwill — the blue sky, or intangible value of the stores — plus $77 million for real estate and leasehold interests, according to a regulatory filing. The purchase price excludes vehicle inventory, parts inventory and fixed assets.
Kerrigan Advisors is honored to work with auto retailers throughout the US to enhance the value of their enterprise. Learn more about our services below:
Customized and confidential sell-side services for higher value dealerships and dealership groups nationwide, with a proven record of achieving the highest sale price per transaction of any firm in the industry.
Capital raising and partnership structuring for growing dealership groups, supported by the largest investor database in the industry.
If you are a buyer in today’s market, Kerrigan Advisors welcomes the opportunity to learn about your acquisition criteria and include you in Kerrigan Advisors’ proprietary Buyer Database.
We welcome the chance to learn more about your acquisition criteria so that we can contact you in the event a client matches your investment profile.
Contact us to learn more about Kerrigan Advisors’ client services, or to have a conversation about the buy/sell market. All of our conversations are 100% confidential.