Orlando-spot dealership offered to Morgan Automotive Team, marking the 155th Kerrigan-led dealership sale because 2015
INCLINE VILLAGE, Nev., June 08, 2022–(Organization WIRE)–Kerrigan Advisors, the leading sell-side advisor and believed lover to car sellers nationwide, represented Fuccillo Automotive Group in the sale of Fuccillo Kia of Clermont to Florida’s Morgan Automotive Team, a person of the speediest escalating and premier personal dealership groups in Florida.
With the transaction, Kerrigan Advisors has now sold 6 Florida dealerships on behalf of the Fuccillo family because December 2019 it is also the 155th sale led by the company because 2015. Kerrigan Advisors is the most lively car dealership sell-facet advisor in the state of Florida.
Launched about 30 yrs ago, the Fuccillo Automotive Group designed a reputation for friendly services that resulted in a commanding position in the extremely sought-after Florida car or truck market. Fuccillo Kia of Clermont, located in the Orlando metropolitan location, is between the most appealing suppliers in just one of the speediest escalating marketplaces in the US: Orlando is the 3rd most significant metro in Florida, 4th largest in the Southeast, and 22nd greatest in the United States — and among the the top regions nationally for task growth, job chance, high-quality of life, and education. Clermont alone is just one of the 20 swiftest growing towns in the area.
The acquirer, Morgan Automotive Group, is ranked in the top 10 by Automotive News in its Leading 150 Dealership Teams list, with 53 Florida locations in Tampa, Gainesville, Ocala, Lake Town, Jacksonville, Sarasota, Naples, Fort Myers, Brandon, New Port Richey, Orlando, and the encompassing locations.
“Florida dealerships are between the highest quantity and most lucrative in the nation,” explained Gabe Robleto, Vice President of Kerrigan Advisors. “Offered that simple fact, we were being humbled to once again advise the Fuccillo relatives, this time on the Fuccillo Kia of Clermont transaction. We’re happy of the perform we have accomplished in serving to the relatives monetize above 30 years of devotion, tough work and neighborhood expenditure.”
“Representing the Fuccillo corporation all over again was a real honor,” said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors. “Demand from customers for dealerships stays at record high stages offered the industry’s robust profitability and desirable small business model. Kerrigan Advisors expects 2022 to be at or previously mentioned 2021’s record degree for transactions, as valuations stay large and sellers continue on to allocate record quantities of capital to acquisitions.”
Kerrigan also mentioned that demand for dealerships in Florida is the best in the country. Just one out of each and every 3 purchasers in Kerrigan Advisors’ proprietary consumer database is seeking a dealership in Florida, ensuing in blue sky multiples 1 to two turns bigger, as in comparison to the published nationwide multiples in The Blue Sky Report. Kerrigan also commented that demand for Kia dealerships is on the increase and this transaction demonstrates the franchise’s elevated blue sky numerous in the most new Kerrigan