Driving the news: Hennessy Automobile Companies has sold Hennessy Mazda and Hennessy GMC in Morrow, Georgia to ALM Automotive Group, marking the Atlanta family's first dealership sale in its 60-year history, according to deal advisors Kerrigan Advisors.
For context: The transaction expands ALM Automotive Group's footprint in the Atlanta metro, where the company has operated for nearly two decades across Georgia and the Carolinas under owner Khush Bhatia.
What they're saying: “Buyer demand remains high for dealerships in the Southern region, with acquirers continuing to focus on local scale and tuck-in acquisitions as discussed in Kerrigan Advisors’ most recent Blue Sky Report,” said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors.
“This transaction is a perfect example of that trend, particularly in high-growth suburbs of major metro markets like Atlanta, a market with strong fundamentals and lasting appeal.”
Big picture: GMC leads all domestic brands in 2025 sales growth, and Mazda is the fastest-growing import brand by market share since 2019, making these attractive adds for buyers like ALM looking to scale in high-demand Sun Belt markets.
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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