Asbury Automotive Group Acquires Jim Koons Automotive Companies

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.

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.

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.

Matt Bowers Automotive Group Acquires Bill Estes Chrysler Dodge Jeep Ram from Asbury Automotive Group

February 2, 2026

Automotive

Matt Bowers Automotive Group acquired Bill Estes Chrysler Dodge Jeep Ram in Brownsburg, Indiana from Asbury Automotive Group, closing on February 2, 2026. The acquisition is Matt Bowers Automotive Group's first Indiana location and expands its Chrysler Dodge Jeep Ram franchise footprint while bringing the dealership into operation as Indy Chrysler Dodge Jeep Ram.

Open Road Capital and Dealer Investors Acquire Beyer Automotive Group Dealerships

October 17, 2024

Automotive

Beyer Automotive Group, a Virginia-based dealer group that retails over 7,000 vehicles and generates ~ $400 million in annual revenue, was sold in two transactions advised by Haig Partners. Open Road Capital (backed by Bain Capital) acquired the Northern Virginia dealerships on October 10, 2024, while dealer investors Jim Keffer and Jon Alcorn purchased the Winchester dealerships (now operating as Dogwood Automotive Group) in a separate closing on August 30, 2024.

Malloy Auto Group Acquires Jim Price Chevrolet

January 9, 2024

Automotive

Malloy Auto Group has acquired Jim Price Chevrolet from Charlottesville-based Jim Price Auto Group. The transaction—advised on the sell-side by Kerrigan Advisors—includes the dealership and its prime real estate on Seminole Trail and expands Malloy's regional footprint in Virginia.