Latest news with #RyanKerrigan
Los Angeles Times
4 days ago
- Automotive
- Los Angeles Times
US Auto Trust Sells Jaguar Land Rover Dealerships to Sonic Automotive
Transaction Represents the Biggest Jaguar Land Rover Sale in Automotive Retail History Kerrigan Advisors, a sell-side advisor to auto dealers nationwide, represented Los Angeles-based US Auto Trust in the sale of its Jaguar Land Rover (JLR) dealerships in Los Angeles, Newport Beach and San Jose and the Land Rover dealership in Pasadena to Sonic Automotive, the sixth largest automotive retailer in the United States. The transaction marks the most valuable JLR sale in automotive history and makes Sonic the leading JLR retailer in the U.S. The sale also represents Kerrigan Advisors' 401st franchise sold nationally since 2015, cementing the firm's position as the leading sell-side advisor to higher value dealerships. US Auto Trust's JLR platform represents some of the highest volume JLR franchises ever sold in the U.S. Land Rover Los Angeles ranked #1 in California and #5 in the U.S. and serves the affluent Beverly Hills market. Jaguar Land Rover Newport Beach is one of the top franchises in California and ranked #2 in the U.S., and Jaguar Land Rover San Jose is the highest volume Jaguar Land Rover dealership in Northern California. The group will retain ownership of its Aston Martin, Cadillac and Lotus dealerships in Southern California after the sale. 'Kerrigan Advisors played an instrumental role in making the sale happen,' said Matt Kaiser, chief of staff for US Auto Trust. 'The firm's expertise was invaluable in identifying Sonic as the ideal buyer for our valuable JLR platform. We've greatly valued our partnership with JLR and are proud of the transformation we've achieved, elevating these dealerships from among the brand's lowest NPS performers to some of the highest ranked in both customer service and sales. As an ultra-premium retail group with a deep commitment to the customer experience, we accomplished our objectives and believe the time was right to redirect our focus toward future luxury acquisitions. We remain dedicated to serving the Southern California luxury market through our other Aston Martin, Cadillac and Lotus franchises.' 'The US Auto Trust-Sonic transaction demonstrates the strong demand for premium dealership assets in top California auto retail markets like Beverly Hills, Newport Beach, Pasadena and San Jose. We were honored to represent US Auto Trust in this historic sale and congratulate Sonic on this marquee acquisition,' said Ryan Kerrigan, managing director of Kerrigan Advisors. 'We have appreciated being a thought partner to US Auto Trust as they entered the auto retail industry and, when the time was right, assisting the group in selling their lucrative JLR platform. Congratulations to US Auto Trust and Sonic on this important transaction.' Land Rover, known for its iconic SUV-only lineup, has one of the most coveted dealer networks in the United States with just 202 franchises nationwide. The dealerships in this sale are known for their prime real estate and strategic locations in some of the most affluent regions in the U.S., benefiting from high population density per franchise and industry-leading customer loyalty scores. California is the nation's largest auto retail market, generating over $150 billion in dealership revenue in 2024, accounting for 12% of the U.S. market and ranking second in average revenue per dealership. 'This transaction highlights that the combination of high volume, ideal auto retail location and top luxury franchises creates strong buyer demand. JLR's high-margin product lineup and robust profitability further increased the appeal of US Auto Trust's JLR platform in California,' said Erin Kerrigan, managing director of Kerrigan Advisors. 'We were honored to represent US Auto Trust and work with their team to ensure this highly valuable multi-franchise transaction ran smoothly and came to a successful close.' Information sourced from Businesswire. To learn more, contact melanie@
Business Wire
07-07-2025
- Automotive
- Business Wire
Kerrigan Advisors Represents US Auto Trust in Sale of Jaguar Land Rover Dealerships in Newport Beach, Los Angeles, Pasadena and San Jose to Sonic Automotive
LOS ANGELES--(BUSINESS WIRE)--Kerrigan Advisors, the leading sell-side advisor and thought partner to auto dealers nationwide, represented Los Angeles, California-based US Auto Trust in the sale of its Jaguar Land Rover ('JLR') dealerships in Los Angeles, Newport Beach and San Jose and Land Rover dealership in Pasadena to Sonic Automotive (NYSE: SAH), the 6 th largest automotive retailer in the United States by 2024 new unit sales. The transaction marks the most valuable JLR sale in automotive history and makes Sonic the leading JLR retailer in the US. The sale also represents Kerrigan Advisors' 401 st franchise sold nationally since 2015, cementing the firm's position as the leading sell-side advisor to higher value dealerships. US Auto Trust's JLR platform represents some of the highest volume JLR franchises ever sold in the US. Land Rover Los Angeles ranked #1 in California and #5 in the US and serves the affluent Beverly Hills market. Jaguar Land Rover Newport Beach is one of the top franchises in California and ranked #2 in the US and Jaguar Land Rover San Jose is the highest volume Jaguar Land Rover dealership in Northern California. The group will retain ownership of its Aston Martin, Cadillac and Lotus dealerships in Southern California after the sale. 'Kerrigan Advisors played an instrumental role in making the sale happen,' said Matt Kaiser, Chief of Staff for US Auto Trust. 'The firm's expertise was invaluable in identifying Sonic as the ideal buyer for our valuable JLR platform. We've greatly valued our partnership with JLR and are proud of the transformation we've achieved, elevating these dealerships from among the brand's lowest NPS performers to some of the highest ranked in both customer service and sales. As an ultra-premium retail group with a deep commitment to the customer experience, we accomplished our objectives and believe the time was right to redirect our focus toward future luxury acquisitions. We remain dedicated to serving the Southern California luxury market through our other Aston Martin, Cadillac, and Lotus franchises.' 'The US Auto Trust-Sonic transaction demonstrates the strong demand for premium dealership assets in top California auto retail markets like Beverly Hills, Newport Beach, Pasadena and San Jose. We were honored to represent US Auto Trust in this historic sale and congratulate Sonic on this marquee acquisition,' said Ryan Kerrigan, Managing Director of Kerrigan Advisors. 'We have appreciated being a thought partner to US Auto Trust as they entered the auto retail industry and, when the time was right, assisting the group in selling their lucrative JLR platform. Congratulations to US Auto Trust and Sonic on this important transaction.' Land Rover, known for its iconic SUV-only line up, has one of the most coveted dealer networks in the United States with just 202 franchises nationwide. The dealerships in this sale are known for their prime real estate and strategic locations in some of the most affluent regions in the US, benefiting from high population density per franchise and industry-leading customer loyalty scores. California is the nation's largest auto retail market, generating over $150 billion in dealership revenue in 2024 – accounting for 12% of the US market and ranking second in average revenue per dealership. Each region represented in the sale underscores a key pillar of California's luxury auto market: affluent, brand-loyal consumers; high vehicle density; and strong, stable economic fundamentals. Los Angeles stands as the second-largest economy in the country, while Orange County continues to grow as a highly affluent region, with GDP rising approximately 58% from 2010 to 2023. Pasadena is an award-winning city known for its exceptional quality of life and high net worth population. Lastly, San Jose anchors a powerhouse economy in Silicon Valley fueled by a robust job market and many of the nation's most prominent companies. 'This transaction highlights that the combination of high volume, ideal auto retail location, and top luxury franchises creates strong buyer demand. JLR's high-margin product lineup and robust profitability further increased the appeal of US Auto Trust's JLR platform in California,' said Erin Kerrigan, Managing Director of Kerrigan Advisors. 'We were honored to represent US Auto Trust and work with their team to ensure this highly valuable multi-franchise transaction ran smoothly and came to a successful close.' 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 400 franchises generating more than $9 billion in client proceeds, including two of the largest transactions in auto retail history – the sale of Jim Koons Automotive Companies to Asbury Automotive Group and Leith Automotive to Holman. 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 is the only firm in auto retail exclusively dedicated to sell-side advisory, providing its clients the assurance of a conflict-free sale process. 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 Blue Sky Report, click here. The firm also releases The Kerrigan Index™ composed of the seven publicly traded auto retail companies with operations focused on the US market. To access The Kerrigan Index™, click here. To read the 2024 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.
Yahoo
04-07-2025
- Sport
- Yahoo
Former Washington NFL stars named July 4 Parade Grand Marshals
Former Washington Redskins Clinton Portis and Ryan Kerrigan will be celebrating July 4 in Middletown, Va. The two former Redskins stars are not only celebrating our nation's independence in Middletown, but they are also being honored, as they have been named grand marshals for the July 4 Middletown parade. A third grand marshal has been named, Lauryn Ricketts, a meteorologist with WRC-TV and WTOP-FM in Washington, D.C. Advertisement Portis before playing with the Redskins, was a Miami Hurricane prior to being drafted by the Denver Broncos. When Redskins cornerback Champ Bailey threatened to boycott training camp if they used the NFL franchise tag on him, Washington traded Bailey and a second-round draft choice to the Broncos for Portis. Playing in 113 NFL games, Portis rushed for 9,923 yards, averaging 4.4 yards a carry and scoring 75 NFL touchdowns. Following his NFL career, Portis was voted one of the Washington Redskins' greatest 80 players to mark the 80th anniversary of the franchise. Kerrigan played in 172 NFL games, all but one season in Washington, where he accumulated 95.5 quarterback sacks. The former first-round draft choice (16th overall) by the Redskins in the 2011 NFL draft, accumulated 333 solo tackles while also forcing 26 fumbles. Playing 10 seasons in Washington (his one final season in Philadelphia), Kerrigan became the Washington all-time quarterback sacks leader with 95.5. The four-time Pro Bowler led the NFL in 2016 with 18 tackles for a loss. Advertisement 'We're excited that they're coming and we're looking forward to a wonderful July 4th celebration,' Mayor Charles Harbaugh said. 'We're really throwing everything but the kitchen sink at it.' The mayor was referring to a full slate of activities on tap for Independence Day, starting with a Big Ball softball tournament at 8 a.m. and ending with a fireworks show at 9:15 p.m. Events will be held at various locations in town but most will occur in Middletown Community Park. The centerpiece of Middletown's July 4th celebration is its parade. Organizer Katie Garrett said that as of Thursday morning, 76 entries were set to participate. The parade will step off at 5 p.m. and wind its way along Main Street. This article originally appeared on Commanders Wire: Two former Washington NFL stars celebrating July 4 in Virginia parade
Newsweek
03-07-2025
- Sport
- Newsweek
Watchful Eyes Are Taking Keen Interest in a Young Commanders' Success
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Summertime always brings the heat, memories, and a few smiles. There's just one problem. Most of its Sundays are void of a Washington Commanders game that counts towards the win-loss total. For that, we'll have to wait until September 7 and a 1 p.m. EST kickoff vs. the hated New York Giants. (Photo by) (Photo by) Photo byFear not, there is plenty to discuss. Deebo Samuel is here. Jayden Daniels enters year two after helping lead his team to the doorstep of being the NFC's representative in Super Bowl LIX. Both football junkies and former rivals are both pumped (and fearful) about the type of magic those two can create together. One can only wonder what past greats like Ryan Kerrigan might have accomplished while playing as part of a roster that is as talented as this one. While no one will ever know that answer, joy can be found in the next best thing. His fingerprints are still all on members of this current Commanders iteration. Frankie Luvu is the talk of the town thanks to workout clips and a recent tip of the cap Though it may not seem like it, the coming NFL season doubles as year eight for Frankie Luvu. He was decent for the New York Jets during three seasons, but he truly took off with the Carolina Panthers. That led to the three-year $31 million contract he signed with Washington on March 11, 2024. He's seen campaigns where he exceeded 100 tackles, so last season didn't produce a personal best in that category. He did, however, force his sixth career forced fumble and snag the second interception of his career while notching career highs in pass breakups (7), sacks (8), and QB hits (14). The good news for Commanders fans is Luvu is still scratching the surface of how good he can be. He recently leaned on a legend to give him some pointers. The franchise's career sack leader, Ryan Kerrigan took on the role of mentor at a recent practice. Luvu approaches year two with Washington. Here's a look at them working out together. Commanders LB Frankie Luvu working with Ryan Kerrigan on pass rush techniques. — Scott Abraham (@Scott7news) June 11, 2025 Make no mistake. People are watching. Pro Football Focus ranked him and teammate Bobby Wagner among the top 32 linebackers entering the 2025 season. Wagner landed in 'Tier 2', third overall. Luvu landed in 'Tier 4', towards the middle of the list at 14. "Luvu didn't put forth his highest-graded season in 2024, but he still maintains a solid overall profile as a run defender and blitzer. Across the past four seasons, he has produced a 72.0-plus PFF pass-rush grade on 70 or more blitzes each year." Those were the words of one Mason Cameron, the writer of this one. His next statement sums up what he and the rest of Commanders Nation is expecting. Must read: PFF's Commanders Evaluation Is Music to Jayden Daniels' Ears "While his run-defense metrics have fallen in each of the past three seasons, he still lands in the 87th percentile in grading... Another season next to Bobby Wagner gives Luvu more potential to expand his game in 2025." It's hard yo disagree. Keep an eye of Luvu as we move through the coming season. He'll play a huge role in the success of the defense.
Yahoo
14-05-2025
- Sport
- Yahoo
2025 NFL schedule: Commanders to open the season at home vs. NFC East rival
The Washington Commanders will open the season with a divisional game. According to Art Stapleton of the Bergen Record, the Commanders will open the season at home against the New York Giants. This will be the first time since 2011 that Washington will open the season against the Giants. Washington defeated New York 28-14 back on Sept. 11, 2011, at what was then known as FedEx Field. That game is best remembered as franchise legend Ryan Kerrigan's first NFL game. Kerrigan intercepted Eli Manning in the third quarter and returned it nine yards for a touchdown to give the then-Redskins a 21-14 lead. Advertisement In the fourth quarter, quarterback Rex Grossman found wide receiver Jabar Gaffney on a four-yard touchdown, making it 28-14, and clinching the win for Washington. The two longtime NFC East rivals first met in Week 2 last year, with the Commanders winning 21-18. Kicker Austin Seibert made seven field goals for Washington. The Giants had a chance to win the game, but rookie wide receiver Malik Nabers dropped a fourth-down pass late, which could've clinched the win for New York. The Commanders also won the Week 9 rematch, 27-22. The NFL will release the full 2025 schedule on Wednesday at 8 p.m. ET. This article originally appeared on Commanders Wire: Commanders to open the 2025 season at home vs. NFC East rival
