Seeing business rebound, Atlanta’s Asbury Automotive plans $735 million acquisition

A major acquisition by an Atlanta automobile chain that stalled out earlier this year due to the Covid-19 pandemic has cranked back up. Duluth, Ga.-based Asbury Automotive Group Inc. announced July 6 that, after calling off a planned $1 billion deal back in March to buy certain assets of Park Place Dealerships, one of the country’s largest and most prominent luxury dealer groups, the deal has come back to life. Asbury (NYSE: ABG) said it will buy a dozen dealerships in the Dallas/Fort Worth,…

A major acquisition by an Atlanta automobile chain that stalled out earlier this year due to the Covid-19 pandemic has cranked back up. Duluth, Ga.-based Asbury Automotive Group Inc. announced July 6 that, after calling off a planned $1 billion deal back in March to buy certain assets of Park Place Dealerships, one of the country’s largest and most prominent luxury dealer groups, the deal has come back to life. Asbury (NYSE: ABG) said it will buy a dozen dealerships in the Dallas/Fort Worth,…

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