Gettel Automotive has expanded its Florida holdings by acquiring Stadium Toyota in Tampa from the Parks and Couey families.
Kerrigan Advisors, which represented the sellers in the transaction, announced the sale in a news release.
The dealership is ranked among the nation’s top 10% of Toyota dealerships and has earned numerous awards for its sales and service, including the Toyota Board of Governors Award, the Customer Relations Excellence Award, the Toyota Service Excellence Award, the Toyota Parts Excellence Award and the J.D. Power Outstanding Sales Experience Award.
It is a six-time winner of Toyota’s President’s Cabinet award winner, which recognizes just 12 of the automaker’s 1,200 U.S. dealerships.
“We’re very thankful for everything the greater Tampa community has done to help Stadium Toyota, its employees and customers achieve success, which is why we have always been committed to giving back to our community in every way that we can,” Stadium Toyota president Ron Parks said.
Bradenton-based Gettel Automotive operates 20 dealerships in its home state. The location has been renamed Gettel Stadium Toyota.
Kerrigan Advisors is the premier sell-side advisor and thought partner to auto dealers nationwide. 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. Kerrigan Advisors has represented some of auto retail's largest transactions and advised more of the largest dealership groups in the US than any other buy/sell firm in the industry. Led by a team of veteran industry experts with backgrounds in investment banking, private equity, accounting, finance and real estate, the firm does not take listings, rather they develop a customized approach for each client to achieve their personal and financial goals. In addition to Kerrigan Advisors' sell-side advisory and capital raising services, the firm also provides a suite of consulting services including growth strategy, market valuation assessments, capital allocation, transactional due diligence, open point proposals, operational improvement and real estate due diligence.
Kerrigan Advisors monitors conditions in the buy/sell market and publishes an in-depth analysis each quarter in The Blue Sky Report®, which 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 monthly The Kerrigan Index™ composed 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—2023 Kerrigan OEM Survey, click here.—Kerrigan Advisors also is the co-author of NADA's Guide to Buying and Selling a Dealership.