Kerrigan Advisors, the leading sell-side advisory firm to auto dealers in the US, represented and advised Edmark Superstore, one of Idaho's highest volume selling dealerships, in its sale to Kendall Auto Group. The Edmark Superstore is co-owned by David Edmark and Jim Chalfant. Edmark Superstore's franchises include Chevrolet, Cadillac, Buick, GMC and Kia. With this acquisition, Kendall Auto Group will now own 38 dealerships in Oregon, Alaska and Idaho.
"We are confident that Kendall will continue the standards of quality and customer service that has been a hallmark of Edmark's business since its founding," said David Edmark. "We are grateful to Kerrigan Advisors for identifying Kendall as the best buyer of our stores."
"Kerrigan Advisors smoothly guided us to this very successful outcome, offering just the right combination of expertise, responsiveness and client service to shepherd the process to its optimal conclusion," said Jim Chalfant. "We appreciated having Kerrigan Advisors by our side throughout the sale." Kerrigan Advisors, headed by Erin and Ryan Kerrigan has now represented on the sale of 43 dealerships since July 2015, making it the most active sell-side advisor in the auto retail industry. The firm has also represented three of the top 100 dealership groups in the last 12 months.
"We are proud to have had a role in this successful transaction, which marks our 43rd dealership sale in the past 18 months," said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors. "Our job is not simply to enable the best possible financial transactions for our clients, but to identify a buyer who will carry on the legacy of our clients' dealership business," continued Ryan Kerrigan, Managing Director of Kerrigan Advisors. "The Edmark Superstore/Kendall Auto Group transaction is another example of the fulfillment of our core goals," said Erin Kerrigan.
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.
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