Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Los Angeles-based Keyes Automotive Group on its recent sale of nine dealerships to Lithia Motors, Inc. (NYSE: LAD). Keyes Automotive Group is owned by Howard Keyes and Howard Tenenbaum. The sale encompassed some of the highest volume auto dealerships in the US, including Keyes European (Mercedes-Benz), ranked #2, Keyes Lexus, ranked #9, Keyes Audi, ranked #5, Keyes Hyundai, ranked #3, as well as an additional five high volume dealerships, Keyes Toyota, Lexus of Valencia, Audi Valencia, Mission Hills Hyundai all in the Los Angeles, California market and Bell Road Toyota, located in the Phoenix, Arizona market. With this transaction, which is one of the largest in the industry’s history, Kerrigan Advisors has now sold more than 100 dealerships since its founding in 2015, making the firm the most active sell-side advisor to the highest value transactions in auto retail. The sale of Keyes Automotive Group’s nine dealerships is the seventh Top 150 Dealership Group Kerrigan Advisors has sold in the last five years.
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