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

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 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.

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 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.

Penske Automotive Group Acquires Bill Brown Ford

July 16, 2024

Automotive

Penske Automotive Group has acquired Bill Brown Ford, a longtime Ford dealership located in Livonia, Michigan, expanding Penske’s North American retail footprint in the Midwest. The acquisition includes more than 200,000 square feet of facilities across 29 acres (dealership, pre-owned facility, fleet maintenance and collision center) and is expected to add about $550 million in estimated annualized revenue.

Golling Automotive Group Acquires Ray Laethem Chrysler Dodge Jeep Ram from Jeff Laethem

April 2, 2025

Automotive

Golling Automotive Group has purchased Ray Laethem Chrysler Dodge Jeep Ram in Detroit, Michigan from owner Jeff Laethem. The dealership will be renamed Golling Chrysler Dodge Jeep Ram of Grosse Pointe and remain at 18001 Mack Avenue; Performance Brokerage Services served as exclusive sell-side advisor.