Mike Hong & Jerry Heuer Acquire Larry H. Miller Toyota Corona from Asbury Automotive Group

Asbury Automotive Group Acquires The Herb Chambers Companies

July 23, 2025

Automotive

Asbury Automotive Group completed the $1.45 billion acquisition of The Herb Chambers Companies, adding 33 dealerships, 52 franchises and three collision centers in the Northeastern U.S. The deal expands Asbury's presence in New England, brings approximately 2,200+ employees and is expected to contribute to roughly $3.2 billion in revenue for 2024; the purchase was funded with credit facilities, mortgage proceeds and cash.

MileOne Autogroup Acquires Plaza Motors' Six Dealerships and Collision Center from Asbury Automotive Group

February 23, 2026

Automotive

Asbury Automotive Group sold six Plaza Motors luxury dealerships and the Plaza Collision Center in the St. Louis market to MileOne Autogroup; the transaction closed on Feb. 23. The Presidio Group advised Asbury on the divestiture. MileOne will retain the Plaza name and use the acquisition to expand its footprint into the St. Louis region with immediate scale across multiple luxury brands.

Young Automotive Group Acquires Larry H. Miller Chrysler Jeep Dodge Ram Riverdale

October 28, 2025

Automotive

Young Automotive Group has agreed to acquire Larry H. Miller Chrysler Jeep Dodge Ram Riverdale from Asbury Automotive, expanding the buyer's presence in Weber County, Utah. The location will be renamed Young Chrysler Dodge Jeep Ram Riverdale and Jacob Sobers will be appointed general manager.

Asbury Automotive Group Acquires Jim Koons Automotive Companies

September 8, 2023

Automotive

Asbury Automotive Group agreed to acquire Jim Koons Automotive Companies, a Mid-Atlantic dealer group with 20 dealerships, 29 franchises and six collision centers that generated over $3 billion in revenue in 2022. The transaction, advised on the sell-side by Kerrigan Advisors, expands Asbury's presence in the Washington–Baltimore market and is expected to close in late 2023 or early 2024.

Asbury Automotive Group Acquires Stevinson Automotive

December 7, 2021

Automotive

Asbury Automotive Group acquired Stevinson Automotive, adding eight dealerships in the Denver, Colorado market and approximately $715 million in annualized revenue. The transaction brings Stevinson’s more than 600 team members into Asbury’s dealer portfolio as part of Asbury’s continued geographic expansion and scale-building in high-growth markets.

RBM of Atlanta Acquires Three Greenville Dealerships from Asbury Automotive Group

February 23, 2026

Automotive

RBM of Atlanta acquired three Greenville, South Carolina dealerships — Porsche of Greenville, Land Rover Greenville and Crown Nissan of Greenville — from Asbury Automotive Group in a transaction that included related real estate and closed Feb. 23. The Presidio Group advised Asbury on the divestiture; the deal marks RBM's first expansion beyond the metro-Atlanta area as it grows its multi-brand dealership footprint.