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Asbury Automotive Group (ABG) Announces Acquisition of Park Place Dealerships for $1 Billion

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Asbury Automotive Group Announces The Acquisition Of Park Place Dealerships

December 12, 2019 7:00 AM EST

DULUTH, Ga., Dec. 12, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., entered into a definitive agreement to acquire certain assets of Park Place Dealerships, one of the country's largest and most prominent luxury dealer groups, for $1 billion in an all-cash transaction, excluding vehicle inventory.

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