After several years of heated M&A activity in the auto-retail sector, the number of dealerships changing hands slowed this year, down 7% through the first nine months of 2016, according to consultants Kerrigan Advisors.
Many franchise owners are pushing back closings to 2017, hoping to benefit from potential tax breaks pledged by the incoming Trump administration, the firm's latest report says. In all, 172 dealership sales were recorded in the Jan-Sept. period compared to 184 transactions in the prior year.
Dealership M&A is coming off a record year in 2015 with Berkshire Hathaway's (BRKB) purchase of the 81-store Van Tuyl Group in the first quarter, the largest new-car dealership acquisition ever.
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.