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Sunrise Auto Group Partners with Jim Keras Automotive for Sale of Memphis Dealership

Aug 28, 2024•11 months ago

Contract Type

partnership

MemphisAutomotive

Description

Kerrigan Advisors represented Memphis-based Sunrise Auto Group in the sale of its dealership, Sunrise Buick GMC Covington Pike, to Memphis-based Jim Keras Automotive. This partnership marked a successful close to Bob Berkheimer’s group of dealerships and brings together two prominent players in the auto dealership industry.

Company Information

Company

Sunrise Auto Group and Jim Keras Automotive

Location

Memphis, Tennessee, United States

About

Sunrise Auto Group is a market leader for Buick GMC in Memphis, while Jim Keras Automotive Group operates six dealerships across Tennessee and Missouri.

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months