Kerrigan Advisors Represents Atlanta-Based Hennessy Automobile Companies in Sale – 3rd Largest Transaction in Industry History
Key Highlights
- ➤Group 1 Automotive acquired Hennessy’s 10 dealerships for approximately $1.3 billion.
- ➤Transaction includes $1 billion in blue sky, a record for a 10-dealership group.
- ➤Hennessy dealerships generate $1.7 billion in annualized revenue.
- ➤Group 1’s Atlanta presence expands from five to 15 dealerships.
- ➤Hennessy retailed over 22,000 vehicles in 2025.
Expert Statements
Ryan Kerrigan, Managing Director of Kerrigan Advisors
“It was a tremendous honor to represent the Hennessy family and lead this historic transaction.”
Peter Hennessy, President of Hennessy Automobile Companies
“When my father, Robert Hennessy, opened our first store in 1964, he built it on a simple belief: take care of your people and your customers, and everything else will follow,”
Peter Hennessy, President of Hennessy Automobile Companies
“For 62 years, that belief has guided our family. I am deeply grateful to every Hennessy employee, whose dedication made this company what it is, and to our Atlanta customers who trusted us with their vehicles and their families. When it came time to choose the next steward of this legacy, Group 1 was the perfect match. They share our customer-focused philosophy and respect our people, and I could not be more confident in the hands our dealerships are in.”
Peter Hennessy, President of Hennessy Automobile Companies
“We first worked with Kerrigan Advisors on a smaller divestiture a year ago, so when it came time to sell the entire business, there was no question who we would call. The team brought extraordinary care and attention to every phase, treated our family’s business as if it were their own, and their dedication to a professional, well-run process led to a terrific outcome for our family. I could not have imagined a more positive and impactful experience working with an advisor on a transaction of this size and importance to our family. To Ryan Kerrigan and the entire Kerrigan Advisors team, thank you for your counsel over the years and for delivering an outcome that exceeded every expectation.”
Daryl Kenningham, President and Chief Executive Officer at Group 1 Automotive
“Our strategy focuses on premium brands in attractive growth markets.”
Daryl Kenningham, President and Chief Executive Officer at Group 1 Automotive
“This acquisition expands our presence in the Atlanta market. The Hennessy family has a tremendous reputation in Atlanta, and we feel privileged to welcome this world-class business and its employees to Group 1. We also thank Kerrigan Advisors for the professionalism and care they brought to this process.”
Pete DeLongchamps, Senior Vice President of Group 1 Automotive
“The Kerrigan Advisors team was organized, responsive and well prepared at every phase, from our first conversations through closing, which allowed both sides to stay focused on a seamless transition for Hennessy’s employees and customers. It was a pleasure working with the entire Kerrigan Advisors team.”
Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors
“The Hennessy transaction embodies what we are seeing across the buy/sell market.”
Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors
“In our Second Quarter 2026 Blue Sky Report, we recorded a record 462 transactions in the trailing twelve months, the vast majority by buyers already operating in the markets they acquired in. Buyers are targeting top franchises that add to their existing regional market share, expecting that scale, combined with efficiencies from AI, will drive significant future earnings growth. Add the premiums high-growth Southeast markets command and a dominant luxury franchise portfolio, and it is clear why Hennessy was such a coveted platform. Atlanta and Hennessy represent the kind of scale and quality the largest auto retail consolidators are seeking and competing aggressively for.”
Ryan Kerrigan, Managing Director of Kerrigan Advisors
“We are honored by the recognition our firm has earned across the industry and by the trust our clients continue to place in us, and this transaction is a testament to that work.”
Ryan Kerrigan, Managing Director of Kerrigan Advisors
“Congratulations to the Hennessy family and team, Group 1 and the entire Kerrigan Advisors team, as well as Holland & Knight, Hill Ward Henderson and Vinson & Elkins, on the conclusion of this momentous transaction. Bringing a deal of this size and significance to a close took exceptional effort from everyone involved, and we are proud to have been part of it.”
Kerrigan Advisors Represents Atlanta-Based Hennessy Automobile Companies in Sale – 3(rd) Largest Transaction in Industry History
Kerrigan Advisors led the sale of the 62-year-old leading Atlanta luxury dealership group, including 10 dealerships representing Lexus, Porsche and Jaguar Land Rover, to Group 1 Automotive, cementing the firm’s position as the most active buy/sell advisor on high-value dealership transactions.
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