Kerrigan Advisors Represents Bohn Brothers Automotive Group in Sale of Audi New Orleans to Sonic Automotive
Sale of New Orleans’ #1 dealership marks Kerrigan Advisors’ 282nd dealership sold, 132nd franchise sold in the Southern region and 69th luxury franchise sold since 2014; sale underscores trend of largest auto groups acquiring higher volume dealerships, as reported in Kerrigan Advisor’s Third Quarter 2024 Blue Sky Report®
“We are pleased to have completed our second transaction with Bohn Brothers, and their second luxury franchise in New Orleans’ most desirable automotive market, Metairie,” said Gabe Robleto, Senior Vice President, Sell-Side Advisory at Kerrigan Advisors. “It was an honor to represent the Bohn family in the sale of their top luxury franchise and to support its smooth transition to Sonic Automotive, marking the establishment of Sonic’s first franchised dealership in the state of Louisiana.”
Bohn Brothers Automotive Group was founded in 1924 and, over the years, the group has expanded its footprint operating Audi New Orleans, Audi Lafayette (previously), Toyota of
“Thank you to Gabe Robleto, and the entire team at Kerrigan Advisors, for their outstanding professionalism as they once again provided us with such sterling support throughout this transaction, and for their expert assistance in helping facilitate the transition to the Sonic team. Kerrigan Advisors proved once again that they are the best in the business,” said Donny and Scott Bohn, Co-Owners of Bohn Brothers Automotive Group. “We are also very grateful to our employees and the community for all their support over the years – we know you will be in excellent hands with the world class team at Sonic.”
With a population of 1.2 million,
“This sale is another example of how the largest dealership groups continue to leverage their strong balance sheets to achieve greater scale through the acquisition of high-volume dealerships, as noted in our Third Quarter 2024 Blue Sky Report,” said Erin Kerrigan, Founder & Managing Director of Kerrigan Advisors. “It was a true privilege to work on a second transaction with Donny, Scott and Van Bohn and to secure the ideal buyer in Sonic Automotive. The Kerrigan team is proud that our customized, confidential sell-side process, coupled with our commitment to superior client service, has once again yielded the best results for our client.”
The completion of Bohn Brothers’ Audi New Orleans transaction represents Kerrigan Advisors’ 69th luxury franchise sold and its 132nd franchise sold in the South since 2014.
Stephen Dietrich and Brooke Sizer of
About Kerrigan Advisors
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 280 dealerships representing over
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241213853716/en/
Kerrigan Advisors Media Contact:
Melanie Webber (melanie@mwebbcom.com), mWEBB Communications, 949-307-1723
Source: Kerrigan Advisors