Asbury Automotive Group Acquires Stevinson Automotive
December 7, 2021
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.
- Buyers
- Asbury Automotive Group, Inc.
- Targets
- Stevinson Automotive
- Sellers
- Kent Stevinson, Stevinson Automotive
- Industry
- Automotive
- Location
- Colorado, United States
- Transaction Type
- Buyout
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