A Fresh Look at Valuing Reinsurance Cash Streams

Finance and insurance (F&I), and associated reinsurance programs, have long played an important role in the profitability of the dealership model.  These service lines provide a consistent flow of gross margin (often routed outside of the dealership P&L statement, or “off-statement”) and deferred income in the case of earned reinsurance premiums.  These profit centers are [...]

By |September 6th, 2017|In the News|

Ex-NADA President Brady joins Kerrigan Advisors

Former National Automobile Dealers Association President Phil Brady has joined buy-sell advisory firm Kerrigan Advisors in California as a senior adviser. Brady, 66, was president of NADA from 2001 to 2012. He retired in 2015 as senior vice president for government affairs at Phillips 66 and is now an adjunct professor at Catholic University of [...]

By |September 5th, 2017|In the News|

Kerrigan Advisors Appoints Phil Brady, Former President of NADA, as Senior Advisor

Kerrigan Advisors, the leading buy/sell advisory firm to auto dealers in the US, today announced the appointment of Phil Brady as Senior Advisor to the firm. Brady will put his deep experience and extensive relationships in automotive retail to work as an advisor to Kerrigan Advisors and its clients for generational transitions and corporate planning. [...]

By |September 5th, 2017|In the News|

Erin Kerrigan on CBT News – The Best Time to Sell Your Dealership

If you look at dealership buy-sell activity from Q1, it plummeted from last year’s levels. However, some people believed things were looking up. In a Blue Sky Report from earlier this year, Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors, said we’re “tracking towards 240 transactions for the year and pacing ahead of 2015’s [...]

By |September 1st, 2017|In the News|

Dealership Buy/Sells Steady in the First Half; Increased Activity Likely in Q3 and Q4, according to The Blue Sky Report™ released by Kerrigan Advisors

Dealership buy/sell activity during the first half of 2017 reveals a notable willingness by auto dealers to take on minority and majority equity partners, according to analysis from the Blue Sky Report®, a Kerrigan Quarterly. Released today, the report also shows that buy/sell activity through the first half of 2017 remained high. Kerrigan Advisors expects [...]

By |August 28th, 2017|In the News|

Operator retirements fuel buy-sell deals

Since David Wilson became a car dealer in 1975, he never sold a store in his dealership group — until May. He had to sell Desert Lexus, near Palm Springs, Calif., because his veteran operator and partner, Ren Rooney, wanted to retire. "I didn't want to sell it. I like the business. I like the [...]

By |August 28th, 2017|In the News|

Downtown Auto Group Sells, Minus Felix

A deal to sell the Downtown L.A. Auto Group, composed of eight Figueroa Corridor car dealerships and a Nissan dealership in Carson, has closed. The buyer is Medford, Ore.-based giant Lithia Motors. The Auto Group was an important arm of longtime Downtown property owner the Shammas Group, currently led by CEO Darryl Holter. As it [...]

By |August 11th, 2017|In the News|

Kerrigan Advisors Represents Downtown LA Auto Group in Sale to Lithia Motors

Kerrigan Advisors, the leading sell-side advisory firm to auto dealers in the US, represented and advised Downtown LA Auto Group, #55 on Automotive News’ 2016 Top 150 Dealership Group list, in its sale to Lithia Motors. This sale marks the fourth Top 100 Dealership Group that Kerrigan Advisors has represented in the last 20 months, making [...]

By |August 9th, 2017|In the News|

Lithia’s acquisition in Calif. adds $1 billion in revenue

Lithia Motors Inc. said it acquired Downtown Los Angeles Auto Group in one of the biggest buy-sell transactions of the year. The five-store addition will generate about $1 billion in annual revenue, the auto retailer said in a statement. "I believe it's the biggest deal this year in terms of revenue added to a group," said [...]

By |August 8th, 2017|In the News|

Honda of Hollywood Dealership Sold to Bakhtiari Auto Group

A Hollywood car dealership that was owned by the same family for almost 60 years has been sold for an undisclosed amount, according to Irvine auto sales advisory firm Kerrigan Advisors. Patricia, Don and Bill Robertson sold their Honda of Hollywood dealership to Bakhtiari Auto Group of San Jose, Kerrigan announced Tuesday. Kerrigan advised the [...]

By |July 18th, 2017|In the News|