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You are here: Home / News / Asbury Automotive Group Completes Park Place Dealerships Acquisition

Asbury Automotive Group Completes Park Place Dealerships Acquisition

August 25, 2020 By CollisionWeek Editor

Asbury Automotive Group, Inc. (NYSE: ABG) has completed the previously announced acquisition of Park Place Dealerships adding approximately $1.7 billion in annual revenues.

Asbury Automotive logoThe operating assets to be acquired include 12 new vehicle franchises, all of which are located in the Dallas/Fort Worth market: 3 Mercedes-Benz, 3 Sprinter, 2 Lexus, 1 Jaguar, 1 Land Rover, 1 Porsche, and 1 Volvo. The acquisition will also include the Park Place auction and two collision repair centers.

“Park Place remains one of the best operators of luxury stores in the industry.  Their portfolio of stores comes with a strong base of loyal clients

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Filed Under: News Tagged With: Acquisitions, Asbury Automotive Group, Texas

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