Asbury Automotive Group Acquires Two Stores in Georgia Representing Approximately $60 Million in Annual Revenues
DULUTH, Ga., Dec. 5, 2012 /PRNewswire/ — Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today announced that it has acquired a Volkswagen and a Bentley store in the Atlanta, Georgia market.
With the acquisition of these two stores, Asbury now owns and operates 12 stores in the Atlanta market. Asbury’s President and CEO Craig Monaghan commented, “This acquisition demonstrates Asbury’s commitment to grow our brand network in our key markets. It also represents our first step in executing the plan that we announced in the third quarter to expand our dealership network.”
About Asbury Automotive Group, Inc.
Asbury Automotive Group, Inc. (“Asbury”), headquartered in Duluth, Georgia, a suburb of Atlanta, is one of the largest automotive retailers in the U.S. Built through a combination of organic growth and a series of strategic acquisitions, Asbury currently operates 77 retail auto stores, encompassing 98 franchises for the sale and servicing of 29 different brands of American, European and Asian automobiles. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts.
SOURCE: Asbury Automotive Group, Inc.