(Source: Business Wire) The Presidio Group LLC announced today that Erin P. Kerrigan has been named Managing Director in the Automotive Group of its investment banking subsidiary, Presidio Merchant Partners LLC.
"Erin is a well-recognized and respected leader in the dealership industry," said James Student, Head of Investment Banking at Presidio. "She's financed dealerships, bought and sold dealerships, and even run a dealership. Joining Alan Haig and Shane Dever, Presidio's Co-Heads of Automotive Investment Banking, Erin is an outstanding addition to our leading dealership advisory team. You'd be hard-pressed to find another professional with her depth of experience."
Kerrigan joins Presidio from AutoStar, a subsidiary of iStar Financial Inc. (NYSE: SFI) and a leading provider of long-term financing to automotive retailers. At AutoStar, Kerrigan served as the firm's lead loan originator and managed a $160 million portfolio of dealership loans and leases.
Previously, Kerrigan was the co-founder and CFO of Skye Automotive, LLC, a private equity and real estate firm focused on auto retail investing. She also has worked in private equity with The Edgewater Funds and in investment banking with Piper Jaffray. Kerrigan holds a BA from Northwestern University and an MBA from the UCLA Anderson School of Management. She writes a monthly column on business valuation, finance, and mergers and acquisitions for Dealer Magazine and is a frequent speaker at leading dealership conferences, including the National Automobile Dealers Association (NADA).
Brodie Cobb, CEO of Presidio, said, "We've had the opportunity to work closely with Erin over the years. She's an impressive professional with a strong industry reputation. I'm very pleased that Presidio continues to attract top-flight talent such as Erin to extend our abilities in serving our clients' needs."
The Presidio Group's automotive practice focuses on dealership transactions valued between $20 million and $200 million. Presidio's professionals have advised on auto dealer related purchases, sales, and capital raises, totaling approximately $4 billion. The current edition of its Automotive Retail M&A Market Update, a leading source of information on auto retailers and acquisition activity, is available here.