Bohn Brothers Automotive Group Transfers Toyota of Slidell Dealership
Kerrigan Advisors, a leader in sell-side advisory services for automotive dealers across the nation, recently accomplished a significant milestone by facilitating the sale of Toyota of Slidell. This transaction marks the conclusion of the Bohn Brothers Automotive Group's ownership of four dealerships, encompassing locations such as Audi of New Orleans, Audi Lafayette, Hyundai Genesis of Metairie, and now Toyota of Slidell.
A Legacy Transition
Gabe Robleto, Senior Vice President of Sell-Side Advisory at Kerrigan Advisors, expressed the firm’s excitement regarding the successful completion of this historic transaction. He acknowledged the trust that the Bohn family placed in Kerrigan Advisors throughout this process and expressed optimism for the future of the dealership under Carlock Automotive’s ownership. Robleto remarked, "This acquisition signifies an exhilarating new chapter for Carlock as they establish their footprint in Louisiana, marking their inaugural dealership in the state. The Bohn Brothers' legacy is now in adept hands, and we eagerly anticipate witnessing Toyota of Slidell's ongoing success."
Evolution of Bohn Brothers Automotive Group
The Bohn Brothers Automotive Group began its journey in 1924 under the guidance of George W. Bohn with its first dealership focused on Ford vehicles. Over the years, this family-owned business expanded its horizons by adding brands like Toyota, Audi, Buick, Pontiac, Hyundai Genesis, and GMC. After selling most of their dealerships in 2000, they held onto Toyota of Slidell until this recent sale. The addition of Audi New Orleans, Audi Lafayette, and Hyundai Genesis of Metairie in 2009 reflected the Bohns' vision for continued growth and strength within the automotive industry.
Bittersweet Goodbyes
Co-Owner Donny Bohn shared the emotional sentiments of the family as they transitioned away from the dealership after a century of service. "It is a bittersweet moment for our family as we step away from the business after more than 100 years of serving the community. Our long-standing partnership with Gulf States Toyota has been pivotal, and our gratitude for our loyal employees and community support cannot be overstated."
The Significance of the Sale
The Tri-City area has seen considerable growth, and the strategic location of Toyota of Slidell makes it a vital player in the local automotive market. Positioned on the popular Slidell auto row off I-10, it ranks as the second-highest volume dealership in the region, establishing a significant customer base while contributing to the economic vitality of the area.
Market Overview for Toyota
As one of the leading automotive brands, Toyota has achieved remarkable success. The recent survey by Kerrigan Advisors highlighted Toyota's status as a top choice for dealership buyers, setting the stage for profitable dealership opportunities. The company's comprehensive approach to electric vehicles (EVs), robust profitability, and strong product array have heightened its attractiveness for prospective buyers, particularly in the Southern markets.
Expert Insights on the Industry
Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors, commended the Bohn family for their successful transaction and pointed out that Toyota's continued desirability among auto dealers underpins the brand's resilience in a competitive market. She remarked, "This transaction represents the culmination of our firm’s diligent efforts to align the Bohn brothers’ goals with the right buyers, ultimately leading to successful outcomes in all four of their dealership transactions."
Kerrigan Advisors' Expertise
In just under a decade, Kerrigan Advisors has solidified its reputation by facilitating over 280 dealership sales, equating to substantial financial gains for their clients. The firm is recognized for its personalized approach, offering tailored solutions that cater to the unique needs of each dealership. This successful transaction represents Kerrigan Advisors' 285th franchise sold and their 134th in the Southern region.
Frequently Asked Questions
What does this sale mean for Toyota of Slidell?
The sale indicates a new chapter for Toyota of Slidell under the leadership of Carlock Automotive, ensuring continued service and community engagement.
How long has the Bohn Brothers Automotive Group been in business?
The Bohn Brothers Automotive Group has been operating since 1924, marking over a century of service in the automotive industry.
What brands were included in the Bohn Brothers Automotive Group?
The group included brands like Toyota, Audi, Buick, Pontiac, Hyundai Genesis, and GMC throughout its history.
Who represented Bohn Brothers Automotive in this sale?
Kerrigan Advisors served as the sell-side advisor for the Bohn Brothers Automotive Group during this transaction.
How has Kerrigan Advisors performed in the dealership market?
Kerrigan Advisors has successfully facilitated over 280 dealership transactions, demonstrating significant expertise and leadership within the automotive sales industry.
