Kerrigan Advisors Represents Paramount Automotive in Sale of Foreign Cars Italia Charlotte & Greensboro to Hendrick Automotive Group
Sale of Paramount Automotive’s premier luxury, North Carolina-based platform, including eight total franchises in Charlotte and Greensboro, is one of the marquee luxury transactions of 2026.
Kerrigan Advisors represented Hickory, North Carolina-based Paramount Automotive, owned by Benny Yount, in the sale of Foreign Cars Italia in Charlotte and Greensboro, North Carolina to Hendrick Automotive Group, the largest privately held automotive retail organization in the United States with more than 100 dealerships. Foreign Cars Italia is comprised of eight franchises: Foreign Cars Italia Charlotte (Ferrari of Charlotte, Alfa Romeo of Charlotte, Aston Martin Charlotte, Bentley Charlotte and Maserati of Charlotte) and Foreign Cars Italia Greensboro (Ferrari of Greensboro, Maserati of Greensboro and Porsche Greensboro).
Paramount’s Foreign Cars Italia has been the exclusive Ferrari retailer for both North and South Carolina since 1993, serving a combined market of more than 16 million people. Following the close of this transaction, Paramount Automotive will continue to own and operate its dealerships in Asheville, Hickory and Valdese, North Carolina.
