Mercedes Hendricks is Senior Vice President of Consulting Services & Transaction Analytics at Kerrigan Advisors. She joined the firm in 2017 as a Vice President. Mercedes brings fifteen years of public accounting experience in the auto retail industry to the firm.
At Kerrigan Advisors, Mercedes advises the firm’s sell-side clients as they prepare for a sale, as well as spearheads the firm’s consulting services, which include acquisition and expansion strategies, valuation assessments and benchmarking, open point proposals, real estate advisory and growth strategy workshops for dealers.
Prior to Kerrigan Advisors, Mercedes 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 LLP (formerly Crowe Horwath LLP) in their Dealership Services Group. At Crowe LLP, 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.
Mercedes Hendricks is a California Certified Public Accountant, and an active member of the American Institute of Certified Public Accountants. She is an honors graduate of the University of Massachusetts – Dartmouth with a Bachelor of Science in Accounting. She resides in Orange County with her husband, Andy Hendricks.
Kerrigan Advisors is the leading sell-side advisor and thought partner to auto dealers nationwide. Since its founding in 2014, the firm has led the industry with the sale of over 275 dealerships representing $9 billion in client proceeds, including the third largest transaction in auto retail history – the sale of Jim Koons Automotive Companies to Asbury Automotive Group. 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. Led by a team of veteran industry experts with backgrounds in investment banking, private equity, accounting, finance and real estate, Kerrigan Advisors does not take listings, rather they develop a customized sales approach for each client to achieve their personal and financial goals. In addition to the firm’s sell-side advisory services, Kerrigan Advisors also provides a suite of consulting and investor 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 Dealer Survey, click here. To read the 2024 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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