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Sarasota wilde lexus8/7/2023 Louis marketplace,”Ĭongratulating Semersky on the acquisition was Kevin Nill of Haig Partners, who said, “While we normally represent sellers of dealerships, Semersky Enterprises wanted an advisor to help them identify the best fit for their growth strategy, help them analyze the opportunity, and negotiate the deal.” The news release continued, “We look forward to working with the Audi Kirkwood team and bringing our best-in-class client experience to the St. Sermersky chief executive officer Ernie Semersky said, “We are excited to add Audi Kirkwood to the Semersky family of Audi dealerships and bring our passion for Audi to another great city in the Midwest where we’ve been the leading Audi dealer for over 45 years.” Semersky Enterprises added to their growing Audi stores through an August 9 acquisition of LeadCar’s Audi Kirkwood, Missouri, according to LeadCar advisor Haig Partners. Semersky Enterprises acquires Audi Kirkwood from LeadCar Led by Tampa Bay Buccaneers owner Edward Glazer, US Auto Trust also owns Jaguar-Land Rover San Jose, Cadillac of Pasadena, Aston Martin, and Jaguar-Land Rover dealerships in Newport Beach, Calif., plus Aston Martin San Diego. Presidio Group, an investment banking and dealership advisory company in Denver and Atlanta, represented Triunity in the sale to US Auto Trust. As a result, according to group president Matt Kaiser, the rapidly growing US Auto Trust has doubled its store portfolio over the last eight months, including three Jaguar-Land Rover stores and a July 11 Hyundai-Genesis of Glendale acquisition. US Auto Trust acquired Jaguar-Land Rover of Los Angeles, on August 2, from Triunity Automotive Group. US Auto Trust continues its growth with Jaguar-Land Rover of Los Angeles acquisition Last year, they retailed 60,951 new vehicles. Morgan Automotive now has 59 dealerships. “We are thrilled to add Lexus, Jaguar, Land Rover and Honda to that market.” Sarasota isn’t a new market for Morgan Automotive since their BMW and Lamborghini stores have been in Sarasota for over a decade. The dealerships will drop the Wilde name and be known as Honda of Sarasota, Lexus of Sarasota, and Jaguar-Land Rover of Sarasota. The purchase, confirmed by Morgan Automotive CEO Brett Morgan, included brands covering three consumer segments: Wilde Honda, Wilde Lexus, and Wilde Jaguar-Land Rover, all of Sarasota. M organ Automotive Group increased its rapidly growing footprint in Florida with the August 16 acquisition of three Wilde Automotive Family stores. Morgan Automotive Group acquires three dealerships from Wilde Automotive Family The robust M&A activity we have been seeing continued through August, with four new acquisitions in Florida, Missouri, California, and Illinois. In the first half of 2022, 167 dealership buy/sell transactions were reported, totaling 406 transactions for the trailing twelve months ending in June 2021, a new record.Average dealership blue sky values reached a new high of $12.1 million in the second quarter of 2022, up $5.7 million from the previous year, primarily due to record dealership earnings. According to the recently released Blue Sky Report® by Kerrigan Advisors, the auto dealership buy/sell market continued its record-breaking activity during the second quarter of 2022, up 16% compared to 2021, despite economic challenges.
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