Transaction includes 54 new vehicle dealerships and 11 collision repair centers. Asbury Automotive Group, Inc. (NYSE:ABG) announced an agreement with the Larry H. Miller Group of Companies to acquire Larry H. Miller Dealerships, the eighth largest dealer group in the U.S., and Total Care Auto (TCA), Powered by Landcar. This transaction will diversify Asbury’s geographic […]
Asbury Automotive Group Completes Park Place Dealerships Acquisition
Asbury Automotive Group, Inc. (NYSE: ABG) has completed the previously announced acquisition of Park Place Dealerships adding approximately $1.7 billion in annual revenues. The 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, […]
Asbury Automotive Group Acquires Park Place Dealerships Including Two Collision Repair Centers
Asbury Automotive Group, Inc. (NYSE:ABG) announced the acquisition of Park Place Dealerships, one of the country’s largest luxury dealer groups for $685 million of goodwill and approximately $50 million for parts, fixed assets, and leaseholds, excluding vehicle inventory. The operating assets to be acquired include 12 new vehicle franchises, all of which are located in […]
Asbury Automotive Group Announces CEO Succession Plan
The Board of Directors of Asbury Automotive Group, Inc. (NYSE:ABG) announced that Executive Vice President and Chief Operating Officer David W. Hult will succeed Craig T. Monaghan as the Company’s President and Chief Executive Officer effective January 1, 2018. Asbury currently operates 80 dealerships, consisting of 96 franchises, representing 29 domestic and foreign brands of […]