Sonic Automotive Completes Acquisition of RFJ Auto Partners
December 7, 2021
Sonic Automotive, a Fortune 500 automotive retailer, has completed the acquisition of RFJ Auto Partners, adding 33 dealership locations across seven states and a portfolio that includes Dave Smith Motors. The deal is expected to add approximately $3.2 billion in annualized revenues and expand Sonic's geographic footprint and brand portfolio, moving the company into the top-five U.S. dealer groups by revenue.
- Buyers
- Sonic Automotive, Inc.
- Targets
- RFJ Auto Partners, Inc.
- Industry
- Automotive
- Location
- Texas, United States
- Transaction Type
- Buyout
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