Kerrigan Advisors is now the most active sell-side advisor in Florida, having recently sold its 12th and 13th dealerships since 2015.
According to Businesswire, Kerrigan Advisors represented Alan Jay Automotive Network in its sale of Alan Jay Toyota in Sebring and Maserati & Alfa Romeo of St. Petersburg, making Kerrigan Advisors the most active advisor in Florida.
“It was a genuine privilege to represent the Alan Jay Automotive Network in these important transactions,” Gabe Robleto, vice president of sell-side advisory of Kerrigan Advisors, told Businesswire. “Alan Jay Wildstein’s compassionate philanthropy in the Sebring and St. Petersburg communities, and his dedication to his customers, has created a legacy of commitment and business success that is sure to continue. We’re happy to have helped the Alan Jay team transition these dealerships in a way that will ensure the continuation of their legacy of customer service and community support.”
Kerrigan Advisors has represented a total of 13 dealerships in Florida since 2015, and nationwide the firm has sold 157 dealerships and is the "most active sell-side advisor on the highest value transactions in the auto retail industry," Businesswire said.
“Throughout this transaction, the Kerrigan Advisors team was professional, diligent and insightful, always putting our interests front and center,” Alan Jay Wildstein, founder, president and CEO of Alan Jay Automotive Network, told Businesswire. “For 30 years, we’ve operated under a simple philosophy: treat customers like family. So I appreciated being represented by a firm who shares that philosophy and who treated us with the same kind of care and dedication.”
Florida is ranked second in growth from 2020 to 2021, right behind Texas, according to data from the U.S. Census Bureau.
“Florida dealerships are among the highest-volume and most profitable in the nation," Erin Kerrigan, founder and managing director of Kerrigan Advisors, told Businesswire. "So it’s no surprise that one out of every three buyers in Kerrigan Advisors’ proprietary buyer database is seeking a dealership in Florida. This demand is driven by low regulation, an attractive business climate and incredibly strong population growth.”
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