INCLINE VILLAGE, Nev. - Fuccillo Automotive Group has sold its Fuccillo Nissan of Clearwater to Morgan Auto Group, according to Kerrigan Advisors, which represented and advised Fuccillo.
This is the fifth Florida dealership sold by Kerrigan on behalf of Fuccillo since December 2019. The transaction is the 121st dealership sale that Kerrigan has led since 2015 and its ninth in the past 28 months.
Morgan Auto Group, meantime, has 46 stores throughout the Tampa, Gainesville, Ocala, Lake City, Jacksonville, Sarasota, Naples, Fort Myers, Brandon, New Port Richey and Orlando markets of Florida.
“This was a match that just made sense. Our goal was to make sure that Nissan of Clearwater continued to serve the community with the highest of standards, and Morgan Auto Group’s deep roots in Florida, and superlative record, should ensure just that,” Fuccillo Automotive Group president Billy Fuccillo Jr. said in a news release. “Once again, Kerrigan Advisors demonstrated their strategic expertise and comprehensive knowledge of our market with another seamless transaction.”
Kerrigan Advisors vice president Gabe Robleto said in the release: “From our prior work with the Fuccillo group, we knew the importance of the relationship between the Fuccillos and the Florida communities they serve, as well as the significance of their legacy in the state. We are proud to have had the opportunity to preserve that legacy as we shepherded the group through another successful transaction in today’s dynamic auto retail buy/sell market.”
Kerrigan Advisors managing director Ryan Kerrigan said: “The Florida auto retail market is incredible, and certainly among the best in the United States. As evidenced by this transaction, all franchises in Florida can generate significant profits, strong buyer demand and, ultimately, high valuations.
“It has been our pleasure to work with the Fuccillo family over the last several years to monetize their decades of hard work. Working with dealer families, and helping them make generational planning and legacy decisions, is one of the most fulfilling parts of our work at Kerrigan Advisors. We have been honored to do this for the Fuccillo family.”
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:
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