Kerrigan Advisors Represents Honda of Hollywood in its Sale to Bakhtiari Auto Group

Written by:
Melanie Webber
mWEBB Communications
July 18, 2017

Kerrigan Advisors, the leading sell-side advisory firm to auto dealers in the US, represented and advised Honda of Hollywood, one of Southern California's oldest Honda dealerships, in its sale to Bakhtiari Auto Group. Honda of Hollywood is owned by Patricia, Don, and Bill Robertson. With this acquisition, Bakhtiari Auto Group will own eight dealerships in California, including Ford, Honda, Mitsubishi, and Subaru.

"It's been a privilege to serve the people of Southern California for close to 60 years," said Don Robertson. "We've seen generations of families come and go at our dealership on Santa Monica Boulevard, so we take our connection to the community seriously. That's why we're excited about what the Bakhtiari Auto Group will bring to the dealership in terms of experience, investment, and commitment."

"For a transaction as important as this, it's been invaluable having Kerrigan Advisors' expertise to guide us to this important outcome for our family," said Robertson. "Ryan's unique experience, insight and service - especially when it came to the real estate and environmental complexities of the transaction, made this deal come together."

Kerrigan Advisors, headed by Erin and Ryan Kerrigan, has now represented on the sale of 52 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 18 months."Honda of Hollywood has always been known for its family-style operations and total focus on friendly customer service," said Ryan Kerrigan, Managing Director of Kerrigan Advisors. "We wanted to make sure the Robertsons received that level of customer satisfaction from Kerrigan Advisors, in a transaction that delivered the best possible financial outcome."Aaron Jacoby and David Meyer of Arent Fox LLP served as legal counsel to Honda of Hollywood.

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About Kerrigan Advisors

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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