Estero Bay

Kerrigan Advisors Represents Estero Bay Chevrolet in Sale to Group 1 Automotive

Retrieved on: 
Monday, April 3, 2023
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Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented the Winton and Denson families in the sale of Estero Bay Chevrolet to Group 1 Automotive (NYSE: GPI).

Key Points: 
  • Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented the Winton and Denson families in the sale of Estero Bay Chevrolet to Group 1 Automotive (NYSE: GPI).
  • Estero Bay Chevrolet is the top volume Chevrolet dealership in Southwest Florida, Florida’s second fastest growing region by population growth.
  • In addition to being the dominant Chevrolet dealership in Southwest Florida, Estero Bay Chevrolet ranks sixth in the state and 44th in the nation (top 1.5%) by Chevrolet new unit sales.
  • “The Estero Bay Chevrolet transaction follows a volume trend we began to track in our Third Quarter 2022 Blue Sky Report®,” said Ryan Kerrigan, Managing Director of Kerrigan Advisors.

Group 1 Automotive Acquires Chevrolet Dealership in Estero, Florida

Retrieved on: 
Tuesday, March 28, 2023
GPI, Estero Bay, Acquisition, NYSE, Chevrolet, Group 1 Automotive, Fortune 500, Group 1, Car dealership

HOUSTON, March 28, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 205 dealerships located in the U.S. and U.K., today announced the expansion of its U.S. operations with the acquisition of Estero Bay Chevrolet in Estero, Florida.  The dealership is located near the fast growing city of Fort Myers in Southwest Florida.  Estero Bay Chevrolet is the 5th ranked Chevrolet dealership in new vehicle volume in the state of Florida.  The dealership is expected to generate $150 million in annual revenues.

Key Points: 
  • HOUSTON, March 28, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 205 dealerships located in the U.S. and U.K., today announced the expansion of its U.S. operations with the acquisition of Estero Bay Chevrolet in Estero, Florida.
  • The dealership is located near the fast growing city of Fort Myers in Southwest Florida.
  • Estero Bay Chevrolet is the 5th ranked Chevrolet dealership in new vehicle volume in the state of Florida.
  • Group 1's President and CEO Daryl Kenningham stated, "We want to welcome the team at Estero Bay Chevrolet to the Group 1 family and are pleased to further expand our brand footprint and scale in Florida.