Hendricks brings over 15 years of auto dealership public accounting and financial consulting experience to the leading auto dealer buy/sell advisory firm
IRVINE, Calif.--(BUSINESS WIRE)--Kerrigan Advisors, the leading buy/sell advisory firm to auto dealers in the US, today announced that Mercedes Hendricks has joined the firm as Vice President. Hendricks brings extensive CPA-level expertise and a deep understanding of the dealership industry to the company, which is the most active sell-side advisor in the industry.
Hendricks will work directly with Kerrigan Advisors’ clients as they prepare their dealerships for sale, adjusting their financials to better reflect their true earnings and identifying opportunities for business improvement. In addition, she will spearhead Kerrigan Advisors’ new Consulting Services which launched this summer.
“We are delighted to have Mercedes join the Kerrigan Advisors team,” said Ryan Kerrigan, Managing Director of Kerrigan Advisors. “We have worked with Mercedes for years and have always considered her among the very best in the industry. Her deep knowledge, and decades of experience, nicely enhance our firm’s capabilities.”
Those capabilities will be put to work with a new suite of consulting services for Kerrigan Advisors’ expanding roster of clients, including open point applications, transactional due diligence, litigation support and pre/post-closing accounting services.
“In addition to our sell-side work, we are often called upon by our clients to do various strategic consulting projects and to be a thought partner for key business decisions,” said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors. “The addition of Mercedes to our team will further expand the scope of these activities and enhance our ability to offer the automotive industry the highest level of service through our new Kerrigan Advisors Consulting Services division.”
Founded in 2015, Kerrigan Advisors has represented transactions totaling over $2.5 billion in automotive, private equity and investment banking, including the sale of 51 dealerships, making the firm the most active sell-side advisor in auto retail. Kerrigan Advisors has represented three of the Top 100 dealership groups in the last 24 months, more than any other firm in the industry.
Prior to Kerrigan Advisors, Hendricks provided public accounting expertise in the areas of assurance and consulting for more than 150 dealerships across the country. She spent nine years with Crowe Horwath in their dealership services group. There she managed large projects ranging from traditional audit and review engagements to non-traditional consulting engagements, such as due diligence services in mergers and acquisitions, consolidations, reviews of internal controls and tests of compliance. She was a mentor and supervisor for teams and individuals from across the nation, and is considered a key thought leader in the automotive accounting services space.
About Kerrigan Advisors
Kerrigan Advisors is the leading dealership buy/sell advisory firm focused on providing a high level of client service for dealership sellers nationwide. Led by a team of veteran advisors, Kerrigan Advisors customizes each sale process to maximize the seller’s transaction proceeds. The firm has sold 51 dealerships in the last 24 months. With the most comprehensive buyer database in the industry, Kerrigan Advisors has the industry context and expertise to match each seller with the right buyer.
In addition to the monthly Kerrigan Auto Retail Index, each quarter, Kerrigan Advisors publishes The Blue Sky Report®, a Kerrigan Quarterly, which is the auto industry's most comprehensive and authoritative quarterly report and analysis of dealership buy/sell activity and franchise values. Kerrigan Advisors’ Managing Director Erin Kerrigan is a recognized industry expert on dealership valuation, real estate and buy/sells, and is a frequent speaker at leading auto retail events and conferences, including NADA, JD Power Automotive Roundtable, AICPA, NADC and Driving Sales’ President’s Club. She has also been a keynote speaker for events hosted by American Honda Motor Company, Audi of America, US Trust, Ohio Automobile Dealer Association, and SunTrust Bank and has led webinars for NADA and Automotive News. Kerrigan Advisors’ Managing Director Ryan Kerrigan is also a sought-after industry expert. He is featured in a monthly column for Dealer Magazine and has written Op-Eds for Automotive News, among other outlets.