Kerrigan Advisors Facilitates Bohn Brothers' Audi Deal
Kerrigan Advisors, renowned for its expertise in the automotive dealership market, has successfully assisted Bohn Brothers Automotive Group in selling its Audi Lafayette dealership to Community Auto Group. This strategic move not only reinforces Kerrigan Advisors' position as a leading sell-side advisor but also marks a pivotal moment in Bohn Brothers' ongoing legacy.
About the Deal
The sale of Audi Lafayette signifies the fourth Audi franchise transaction for Kerrigan Advisors in 2024, showcasing their increasingly impactful presence in the automotive sector. Gab Robleto, the Senior Vice President of Sell-Side Advisory at Kerrigan Advisors, expressed enthusiasm about the deal, highlighting their long-standing relationship with the Bohn family.
Legacy of Bohn Brothers Automotive Group
The Bohn Brothers Automotive Group has a storied history, dating back to its founding in 1924 by George W. Bohn in New Orleans. This legacy continues through their current operations, including Audi New Orleans and Toyota of Slidell. The Audi Lafayette dealership has earned significant accolades, being recognized as the leading luxury dealership in the area, surpassing competitors such as Mercedes and BMW.
Future Impact on the Community
Community Auto Group, driven by owner Roger Elswick, is known for its commitment to customer service and community engagement. Donny Bohn, Co-Owner of Bohn Brothers Automotive Group, has voiced his confidence that Community Auto Group will uphold Audi Lafayette's dedication to serving the local community.
Market Trends and Predictions
Audi has experienced a remarkable boost, achieving a notable sales increase among luxury franchises in 2023. With a significant market share in luxury sales in Lafayette, the dealership stands poised for a bright future under its new ownership.
Market Growth in Lafayette
Lafayette, the third-largest metropolitan area in its state, is thriving due to its favorable economic conditions and quality of life. Recognized recently as the “Happiest City in America,” it has been an attractive location for business growth.
Kerrigan Advisors' Position in the Market
Erin Kerrigan, the Founder and Managing Director of Kerrigan Advisors, noted the growing appeal of established dealerships in prosperous areas. Their firm has successfully completed numerous transactions in the South over the years, reflecting a demand for quality franchises that are positioned for success.
About Kerrigan Advisors
Kerrigan Advisors stands at the forefront of advisory services for automotive dealerships, having facilitated numerous transactions amounting to billions in value since its inception in 2014. By focusing on individual client needs, Kerrigan Advisors has distinguished itself as a trusted partner in the industry. Their research and reports provide valuable insights into market dynamics, ensuring clients are well-informed and strategically positioned.
Frequently Asked Questions
Who is Kerrigan Advisors?
Kerrigan Advisors is a sell-side advisory firm specializing in the automotive dealership industry, helping clients navigate the complexities of buying and selling dealerships.
What was the significance of the Audi Lafayette sale?
The sale represents a continuing legacy for Bohn Brothers Automotive Group, indicating a transition to new ownership while maintaining commitments to the community.
How many transactions has Kerrigan Advisors completed?
Kerrigan Advisors has completed over 280 dealership transactions since its founding.
What impact will Community Auto Group have on Audi Lafayette?
Community Auto Group is expected to continue providing exceptional service and community involvement, sustaining the dealership's strong reputation.
What trends are emerging in the automotive dealership market?
There is a growing interest in quality franchises within thriving markets, emphasizing lower-risk investments and opportunities for growth in the automotive sector.
