If there was any doubt a new era of dealership consolidation has arrived, Asbury Automotive Group Inc.'s announcement last week that it would buy Larry H. Miller Dealerships erased it.
The supersized deal — one of the largest ever in auto retail — follows two other megadeals disclosed last month: Group 1 Automotive Inc.'s pending acquisition of Prime Automotive Group and Sonic Automotive Inc.'s agreement to buy RFJ Auto Partners Holdings Inc. In April, Lithia Motors Inc. acquired Suburban Collection's 34 stores.
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.