AutoNation buys 12 Texas stores in biggest purchase since 1999
AutoNation Inc. has decided to to get 12 shops from the Allen Samuels Auto Group, offering the greatest U.S. new-car retailer more pull in Tx.
The shops represent roughly $800 million in sales and promote about 19,500 new and used retail units a year. Provisions of the acquisition are not contained in a AutoNation statement declaring the offer.
AutoNation, of Fort Lauderdale, Fla., stated it was its largest single car dealer acquisition since 1999.
Following the obtain closes, Tx will represent of a quarter of AutoNation's sales but nevertheless will trail Fl, the retail merchant's No. 1 marketplace.
Because the start of 2015, AutoNation has declared acquisitions with about $1.7 billion in yearly sales, bringing the firm to 265 shops and 372 franchises. Shops selling Fiat Chrysler Cars brands have accounted for about $1-billion of that income.
Stephens Inc. guided the vendor.
It's possible for you to reach James B. Treece at [email protected]
Amalgamations - Acquisitions - Takeovers
Fiat Chrysler Automobiles
More news from this source:
CAR REVIEWS »
Top 10 Best Chevrolet Models of All Time
9 Unique Ways to Customize Your Car
How to Find the Best Tow Truck Companies
5 Tips for Finding a Good Mechanic You Can Trust
Shady Car Mechanic Tricks You’ve Never Known Before
Lifting a Truck Pros and Cons
6 Effective Maintenance Tips for Car Headlights
7 Tips for How to Install Windshield Wipers
How to Diagnose Severe Car Problems (Even When You Don’t Know Anything About Cars)
View All Recent Posts
New Photo Galleries
- More Photos
LATEST CAR REVIEWS