Asbury Automotive Group, Inc. /
Jim Koons Automotive Companies
Asbury Automotive Group buys Jim Koons Automotive Companies
What happened
Asbury Automotive Group, Inc. completed its acquisition of Jim Koons Automotive Companies, a privately-owned dealership group. The sale includes 20 dealerships, 29 franchises and six collision centers.
The purchase price was approximately $1.2 billion. The acquisition was funded with borrowings under Asbury’s existing credit facility and cash on hand.
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Asbury Automotive Group buys Jim Koons Automotive Companies
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