An Atlanta-based dealership group has added two more stores in the metro area.
ALM Automotive Group acquired Hennessy Mazda and Hennessy GMC in suburban Morrow, Ga., from Hennessy Automobile Companies, according to Kerrigan Advisors, which represented the seller in the transaction.
ALM, owned by Khush Bhatia, operates 19 dealerships in Georgia and the Carolinas, 14 of them in the Atlanta area. Its new acquisitions are located in the south part of the metro area, eight miles south of Hartsfield-Jackson Atlanta International Airport.
The company already owns Chevrolet and Kia stores in nearby Union City.
Hennessy Automobile Companies, founded in 1964, is a family-owned dealership group also based in Atlanta that operates 10 locations, all within the Atlanta market.
In a news release. Kerrigan Advisors said the nearest Mazda competitor is more than 30 miles away and closest GMC store is 18 miles away, giving the Morrow stores “a distinct competitive advantage.”
“These are two growth-oriented franchises operating in one of the country’s most dynamic metro markets,” Kerrigan Advisors managing director Ryan Kerrigan said.
Founder and managing director of Kerrigan Advisors Erin Kerrigan said dealerships in the South are in high demand from buyers.
“This transaction is a perfect example of that trend,” she said, “particularly in high-growth suburbs of major metro markets like Atlanta, a market with strong fundamentals and lasting appeal. We expect to see more consolidation in growth markets in the Southeastern U.S., given the tremendous buyer demand in this key region.”
Kerrigan Advisors is the leading sell-side advisor and thought partner to auto dealers nationwide. Since its founding in 2014, the firm has led the industry with the sale of more than 300 dealerships generating more than $9.5 billion in client proceeds, including two of the largest transactions in auto retail history – the sale of Jim Koons Automotive Companies to Asbury Automotive Group and Leith Automotive to Holman. The firm advises the industry’s leading dealership groups, enhancing value through the lifecycle of growing, operating and, when the time is right, selling their businesses. Led by a team of veteran industry experts with backgrounds in investment banking, private equity, accounting, finance and real estate, Kerrigan Advisors is the only firm in auto retail exclusively dedicated to sell-side advisory, providing its clients the assurance of a conflict-free approach.
Kerrigan Advisors monitors conditions in the buy/sell market and publishes an in-depth analysis each quarter in The Blue Sky Report®, the industry authority on dealership buy/sell market trends and valuations and includes Kerrigan Advisors’ signature blue sky charts, multiples and analysis for each franchise in the luxury and non-luxury segments. To download a preview of the report, click here. The firm also releases The Kerrigan Index™ comprised of the seven publicly traded auto retail companies with operations focused on the US market. The Kerrigan Auto Retail Index is designed to track dealership valuation trends, while also providing key insights into factors influencing auto retail. To access The Kerrigan Index™, click here. To read the 2024 Kerrigan Dealer Survey, click here. To read the 2025 Kerrigan OEM Survey, click here. Kerrigan Advisors also is the co-author of NADA’s Guide to Buying and Selling a Dealership.
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