Kerrigan Advisors brokered the deal on behalf of the Hennessy family, whose 60-year-old dealership group built its business on premium luxury brands in the Southeast. On the latest Inside Automotive episode, we sat down with Ryan Kerrigan, Managing Director at Kerrigan Advisors, following the announcement of the record-setting deal. “There’s just incredible strength, notwithstanding some of the macroeconomic issues that you might think hold back the industry,” Kerrigan said. Blue Sky valuesFor family-owned dealership groups, the math behind selling has changed dramatically. He said that Penske and Mitsui announced a $3.8 billion proposal in July to take Penske Automotive Group private, buying out the roughly 28% of shares they don’t already own.