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Kerrigan Advisors Represents Lyle Pearson Auto Group in Sale of Boise Luxury Dealerships
Friday 20 November 2020

US-based auto dealer sell-side advisory firm Kerrigan Advisors represented and advised Lyle Pearson Auto Group of Boise, Idaho on its recent sale of five luxury dealerships to Spokane, Washington-based Gee Automotive, the firm said.

Franchises include Mercedes-Benz, Sprinter, Porsche, Jaguar, Land Rover, Volvo and Acura.

The transaction is the 6th multi-dealership Kerrigan-led transaction in 2020 and 111th dealership sale since 2015.

Lyle Pearson first began selling cars in Treasure Valley over 50 years ago, when he was awarded Mercedes-Benz and Volvo franchises.

In 1988, Pearson added a Land Rover dealership, with Acura and Porsche joining in the ensuing years. Pearson, who was named 2011 Time Dealer of the Year for Idaho, passed in 2012.

His successor and son-in-law, Jim Cross, continued to build the auto group by adding Sprinter, completing several grand re-openings and the construction of new Jaguar Land Rover and Volvo stores.

In addition, in 2018 Mercedes-Benz of Boise was awarded the Best of the Best Silver Laurel distinction.

According to Erin Kerrigan, Founder and Managing director of Kerrigan Advisors, the Lyle Pearson Auto Group transaction symbolizes the strength of the automotive space, and specifically, the buy/sell market.

Stephen Dietrich of Holland and Knight served as legal counsel to the seller. Toby Hazen of Eide Bailly LLP served as the seller's accountant.
Date Published: 20/11/2020