- Asbury Automotive Group (NYSE:ABG) has acquired U.S. car dealership Stevinson Automotive.
- Stevinson holds an attractive mix of dealerships, with revenue comprised of 48% Toyota, 27% Lexus, 10% Porsche, 8% Chevrolet, 4% Hyundai, and 3% Jaguar.
- The acquisition brings ~$715M in annualized revenues and covers eight new vehicle franchises, all located in the Denver, Colorado market.
- Asbury has an additional $5.7B in annualized revenue under contract from the acquisition of Larry H. Miller Dealerships and Total Care Auto, Powered by Landcar.
Asbury Automotive Group acquires car dealership Stevinson Automotive
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