Buy/sell market continues to trend towards high volume dealerships in high growth markets; marks Kerrigan Advisors’ 133rd dealership sold in the southern region since inception and 79^th franchise sold in 2024

NEW ORLEANS, LA – December 16, 2024 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented New Orleans-based Bohn Brothers Automotive Group in the sale of its Hyundai Genesis of Metairie dealership to Matt Bowers Auto Group following the successful sale last month of its Audi Lafayette dealership. Matt Bowers Group, owned by Matt Bowers, operates six dealerships located across Louisiana, Alabama, and Tennessee. This transaction represents Kerrigan Advisors’ 283^rd dealership and 133^rd franchise sold in the South since 2015 and the 79^th franchise sold this year.

“We are honored to continue to support the Bohn family, this time in the sale of their Hyundai Genesis dealership, a transaction that, again, underscores the enduring strength of the auto retail market in the South,” said Gabe Robleto, Senior Vice President, Sell-Side Advisory at Kerrigan Advisors. “Our priority was to facilitate a smooth and successful transaction, and we are very pleased with this outcome.”

Following this sale, and the recent sale of Audi Lafayette and Audi New Orleans, Bohn Brothers Automotive also owns Toyota of Slidell. The group traces its roots back to the founding of the Bohn Motor Company by George W. Bohn in 1924 in New Orleans. Over the years, the Bohn family has carried on this legacy by expanding through multiple generations. Owned since 2009, Hyundai of Metairie now ranks as the #1 Hyundai dealership in New Orleans and Genesis of Metairie is one of only two Genesis franchises in New Orleans proper.

“Once again, Gabe Robleto and Kerrigan Advisors demonstrated why they are the best sell-side advisors in the business. Coupled with their vast transaction experience in the South, their expertise and attention to every detail was evident at every stage of the transaction,” said Donny Bohn, Co-Owner of Bohn Brothers Automotive Group. “We are grateful for their comprehensive support throughout the process and are extremely satisfied with the outcome of this sale.”

Home to over 1.2 million people, and nearly 30% of the state’s population, New Orleans is Louisiana’s largest metropolitan area and a frequent host of major events, including the 2025 NADA (National Auto Dealer Association) Convention and the 2025 Super Bowl. It is the economic powerhouse of Louisiana, with strong growth projections over the next five years, driven by the presence of major corporations, two of the country’s largest ports, higher education institutions and a vast network of healthcare systems. Additionally, businesses and consumers benefit from the area’s attractive living and business costs, significantly lower than the US average. Also, Hyundai ranks as the fourth best-selling brand in New Orleans, with market share that exceeds the national level by 24%.

“Metairie is the largest car market in New Orleans, capturing nearly 50% of the MSA’s new vehicle sales. Dealership buyers continue to gravitate toward high-volume auto retail markets, like New Orleans, and top-ranked franchises, such as Hyundai,” said Erin Kerrigan, Founder & Managing Director of Kerrigan Advisors. “We were delighted to again work with the Bohn family in their dealership sale, and gratified that we were able to shepherd another transaction on their behalf to such a successful conclusion. Congratulations to Scott, Donny and Van Bohn, as well as Matt Bowers on this transaction.”

Stephen Dietrich and Brooke Sizer of Holland & Knight served as legal counsel to Bohn Brothers Automotive Group. Crowe LLP was the seller’s accountant.

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 $9 billion in client proceeds, including the third largest transaction in auto retail history – the sale of Jim Koons Automotive Companies to Asbury Automotive Group. The firm advises the industry’s leading dealership groups, enhancing value through the lifecycle of growing, operating and, when the time is right, selling their businesses. Led by a team of veteran industry experts with backgrounds in investment banking, private equity, accounting, finance and real estate, Kerrigan Advisors does not take listings, rather they develop a customized sales approach for each client to achieve their personal and financial goals. In addition to the firm’s sell-side advisory services, Kerrigan Advisors also provides a suite of consulting and investor services including growth strategy, market valuation assessments, capital allocation, transactional due diligence, open point proposals, operational improvement and real estate due diligence.

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.

Kerrigan Advisors Media Contact:
Melanie Webber (melanie@mwebbcom.com), mWEBB Communications, 949-307-1723