Transaction marks the 117th Kerrigan-led dealership sale since 2015
INCLINE VILLAGE, Nev.–(BUSINESS WIRE)–Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented Lithia Motors (NYSE: LAD) in the sale of Audi Valencia to Ghreiwati Auto Group, owner of Surf City Nissan and Corona Nissan of Southern California.
This transaction marks the 117th dealership that Kerrigan Advisors has advised on the sale of since its founding in 2015, making the firm the most active sell-side advisor to the highest value transactions in auto retail. Kerrigan Advisors has its finger on the pulse of what has proven to be a record auto dealership buy/sell market in 2020/21, supported by extensive transaction expertise, a robust investor and buyer database, as well as the broad reach of The Blue Sky Report® by Kerrigan Advisors and the real-time market read-out of The Kerrigan Index™.
“We were proud to work with the quality team at Lithia Motors again, this time representing them in a sale of a valuable dealership,” said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors. “Our familiarity with the California auto retail market, the largest in the country, and our previous experience with the largest transactions in the state, meant we were well-positioned to identify the ideal buyer for Audi Valencia. Ghreiwati Group has a strong record of success in Southern California with Surf City Nissan and Corona Nissan, and their commitment to both employee and customer service excellence is well-aligned with Audi’s goals.”
In addition to its Southern California dealership holdings, Issam Ghreiwati, Dealer Principal of the Ghreiwati Auto Group, built one of the largest retail and wholesale automobile distribution businesses in the Middle East over the last three decades, including Kia, Ford, Land Rover and Jaguar franchises. He was also named a Kia World Dealer in 2010.
Lithia Motors is one of the largest and most active public dealer groups in the US, having acquired over $7.0 billion of annualized revenues since 2019.
“Our experience working with Kerrigan Advisors on a number of transactions over the past five years has been very positive, and we appreciated the exceptional support from their team as we completed this divestiture,” said Lithia Motors President and CEO Bryan DeBoer. “Kerrigan Advisors’ extensive buy/sell experience, particularly in the complex Southern California market, helped ensure that this transaction was seamless for our team.”
Kerrigan Advisors is the most active sell-side advisor on larger transactions in the auto retail industry, achieving the highest sale price per client of any firm over the last five years. The firm attributes its success to its team’s laser-focus on fulfilling each client’s personal and professional goals. In addition to its sell-side advisory work, the firm offers strategic consulting services to dealers and their families, including growth planning, capital raising and valuation analysis, creating value at every stage of the auto retail lifecycle.
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 2020 Kerrigan Dealer Survey, click here.
About Kerrigan Advisors
Kerrigan Advisors is a leading sell-side advisor and thought partner to auto dealers in the US. 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 on some of auto retail’s largest transactions, including seven of the Top 150 Dealership Groups in the US, more than any other 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 publishes The Blue Sky Report®, which is the auto industry’s most comprehensive and authoritative quarterly report of dealership buy/sell activity and franchise values, received by nearly 10,000 industry participants in 35 countries. To register to receive The Blue Sky Report®, click here. Kerrigan Advisors also publishes The Kerrigan Index™, the only monthly index tracking the seven publicly traded auto retail companies. To access The Kerrigan Index™, click here. To read the 2020 Kerrigan Dealer Survey, click here.
Kerrigan Advisors’ Founder and Managing Director, Erin Kerrigan, is a recognized 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, Automotive News’ Canadian World Congress, AICPA, and NADC. She has also been quoted numerous times by The Wall Street Journal, CNBC, Bloomberg and The Economist and has been a keynote speaker for events hosted by American Honda Motor Company, Audi of America, US Trust, Bank of America, Ohio Automobile Dealer Association, and SunTrust Bank. Erin Kerrigan was named by Auto Remarketing as one of the leading women in Automotive in 2020. 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.
Kerrigan Advisors is honored to work with auto retailers throughout the US to enhance the value of their enterprise. Learn more about our services below:
Customized and confidential sell-side services for higher value dealerships and dealership groups nationwide, with a proven record of achieving the highest sale price per transaction of any firm in the industry.
Capital raising and partnership structuring for growing dealership groups, supported by the largest investor database in the industry.
If you are a buyer in today’s market, Kerrigan Advisors welcomes the opportunity to learn about your acquisition criteria and include you in Kerrigan Advisors’ proprietary Buyer Database.
We welcome the chance to learn more about your acquisition criteria so that we can contact you in the event a client matches your investment profile.
Contact us to learn more about Kerrigan Advisors’ client services, or to have a conversation about the buy/sell market. All of our conversations are 100% confidential.