Asbury Automotive Group, Inc., one of the U.S.’ largest automotive retail and service companies, has acquired Jim Koons Automotive Companies, the ninth largest privately-owned dealership group in the U.S., for approximately $1.2 billion. The deal, which was completed on Tuesday, adds 20 dealerships, 29 franchises, six collision centers and one of the highest volume Toyota…
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Asbury Automotive to buy Jim Koons Automotive for over $3 billion
Asbury Automotive Group, Inc. (NYSE: ABG), one of the U.S.’ largest automotive retail and service companies, has agreed to buy Jim Koons Automotive Companies, the ninth largest privately-owned dealership group in the U.S., in one of the most sizable deals in auto retail history. The deal, which is expected to close in the fourth quarter…
Asbury Automotive Group
Asbury Automotive Group is a company based in Atlanta and was founded in 1995. The company operates auto dealerships in various parts of the United States. As of 2018 its rank in the Fortune 500 is 434 out of 500. As of December 2016, it is one of the largest automobile retailers in the United…