On the Record · Asbury Automotive
Asbury Automotive acquisitions, on the record
The businesses Asbury Automotive bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Jim Koons ("Koons") Automotive CompaniesWord for word“On December 11, 2023, the Company completed the acquisition of the business of the Jim Koons ("Koons") Automotive Companies, (collectively, the "Koons acquisition"), thereby acquiring 20 new vehicle dealerships, six collision centers and the real property related thereto for an aggregate purchase price of approximately $1.50 billion, which includes $256.1 million of new vehicle floor plan financing and $103.8 million of assets held for sale related to Koons Lexus of Wilmington.” 10-K for 2023 | agreed acquisition | On December 11, 2023 | approximately $1.50 billion |
Larry H. Miller ("LHM") Dealerships and TCAWord for word“On December 17, 2021, the Company completed the acquisition of the businesses of the Larry H. Miller ("LHM") Dealerships and TCA (collectively, the "LHM acquisition"), thereby acquiring 54 new vehicle dealerships, seven used cars stores, 11 collision centers, a used vehicle wholesale business, the real property related thereto, and the entities comprising the TCA business for a total purchase price of $3.48 billion.” 10-K for 2023 | acquisition | On December 17, 2021 | $3.48 billion |
11 franchises (10 dealership locations) in the Denver, Colorado market and three franchises (one dealership location) in the Indianapolis, Indiana marketWord for word“In addition to the LHM acquisition, during the year ended December 31, 2021, we acquired the assets of 11 franchises (10 dealership locations) in the Denver, Colorado market and three franchises (one dealership location) in the Indianapolis, Indiana market for a combined purchase price of $485.7 million.” 10-K for 2023 | acquisition | during the year ended December 31, 2021 | $485.7 million |
one franchise (one dealership location) in Austin, TexasWord for word“During the year ended December 31, 2023, we sold one franchise (one dealership location) in Austin, Texas.” 10-K for 2023 | agreed divestiture | During the year ended December 31, 2023 | — |
sixteen dealership divestituresWord for word“During 2022, the Company completed sixteen divestitures that contributed $683 million in revenue for the year.” 10-K for 2023 | divestiture | During 2022 | — |
Herb Chambers DealershipsWord for word“Pursuant to the Transaction Agreement, the Company is expected to acquire substantially all of the assets, including all real property and businesses, of the Herb Chambers Dealerships (collectively, the "Businesses") for an aggregate purchase price of approximately $1.34 billion, which includes $750 million for goodwill and approximately $590 million for the real estate and leasehold improvements.” 10-K for 2024 | agreed acquisition | — | approximately $1.34 billion |
Jim Koons Automotive Companies (Koons acquisition)Word for word“On December 11, 2023, the Company completed the acquisition of the business of the Jim Koons ("Koons") Automotive Companies, (collectively, the "Koons acquisition"), thereby acquiring 20 new vehicle dealerships, six collision centers and the real property related thereto for an aggregate purchase price of approximately $1.50 billion, which includes $256.1 million of new vehicle floor plan financing and $100.9 million of assets held for sale related to Koons Lexus of Wilmington.” 10-K for 2024 | acquisition | On December 11, 2023 | approximately $1.50 billion |
1 Lexus franchise (1 dealership location) in Wilmington, DelawareWord for word“During the year ended December 31, 2024, we sold 1 Lexus franchise (1 dealership location) in Wilmington, Delaware due to OEM requirements in connection with the Koons acquisition, 1 Nissan franchise (1 dealership location) in Denver, Colorado, 1 Nissan franchise (1 dealership location) in Atlanta, Georgia, 1 Chevrolet franchise (1 dealership location) in Atlanta, Georgia and 1 Honda franchise (1 dealership location) in Spokane, Washington.” 10-K for 2024 | divestiture | During the year ended December 31, 2024 | — |
1 Nissan franchise (1 dealership location) in Denver, ColoradoWord for word“During the year ended December 31, 2024, we sold 1 Lexus franchise (1 dealership location) in Wilmington, Delaware due to OEM requirements in connection with the Koons acquisition, 1 Nissan franchise (1 dealership location) in Denver, Colorado, 1 Nissan franchise (1 dealership location) in Atlanta, Georgia, 1 Chevrolet franchise (1 dealership location) in Atlanta, Georgia and 1 Honda franchise (1 dealership location) in Spokane, Washington.” 10-K for 2024 | divestiture | During the year ended December 31, 2024 | — |
1 Nissan franchise (1 dealership location) in Atlanta, GeorgiaWord for word“During the year ended December 31, 2024, we sold 1 Lexus franchise (1 dealership location) in Wilmington, Delaware due to OEM requirements in connection with the Koons acquisition, 1 Nissan franchise (1 dealership location) in Denver, Colorado, 1 Nissan franchise (1 dealership location) in Atlanta, Georgia, 1 Chevrolet franchise (1 dealership location) in Atlanta, Georgia and 1 Honda franchise (1 dealership location) in Spokane, Washington.” 10-K for 2024 | divestiture | During the year ended December 31, 2024 | — |
1 Chevrolet franchise (1 dealership location) in Atlanta, GeorgiaWord for word“During the year ended December 31, 2024, we sold 1 Lexus franchise (1 dealership location) in Wilmington, Delaware due to OEM requirements in connection with the Koons acquisition, 1 Nissan franchise (1 dealership location) in Denver, Colorado, 1 Nissan franchise (1 dealership location) in Atlanta, Georgia, 1 Chevrolet franchise (1 dealership location) in Atlanta, Georgia and 1 Honda franchise (1 dealership location) in Spokane, Washington.” 10-K for 2024 | divestiture | During the year ended December 31, 2024 | — |
1 Honda franchise (1 dealership location) in Spokane, WashingtonWord for word“During the year ended December 31, 2024, we sold 1 Lexus franchise (1 dealership location) in Wilmington, Delaware due to OEM requirements in connection with the Koons acquisition, 1 Nissan franchise (1 dealership location) in Denver, Colorado, 1 Nissan franchise (1 dealership location) in Atlanta, Georgia, 1 Chevrolet franchise (1 dealership location) in Atlanta, Georgia and 1 Honda franchise (1 dealership location) in Spokane, Washington.” 10-K for 2024 | divestiture | During the year ended December 31, 2024 | — |
1 franchise (1 dealership location) in Austin, TexasWord for word“During the year ended December 31, 2023, we sold 1 franchise (1 dealership location) in Austin, Texas.” 10-K for 2024 | divestiture | During the year ended December 31, 2023 | — |
The Herb Chambers CompaniesWord for word“On July 21, 2025, the Company completed its acquisition of substantially all of the assets, including real property and businesses, of The Herb Chambers Companies (the "Herb Chambers acquisition") for an aggregate purchase price of approximately $1.76 billion.” 10-K for 2025 | acquisition | On July 21, 2025 | approximately $1.76 billion |
Jim Koons Automotive CompaniesWord for word“On December 11, 2023, the Company completed its acquisition of the Jim Koons ("Koons") Automotive Companies, (collectively, the "Koons acquisition"), acquiring 20 new vehicle dealerships, six collision centers and the real property related thereto for an aggregate purchase price of approximately $1.50 billion.” 10-K for 2025 | acquisition | On December 11, 2023 | approximately $1.50 billion |
24 franchises (15 dealership locations)Word for word“Gain on Dealership Divestitures, Net — During the year ended December 31, 2025, we sold 24 franchises (15 dealership locations) for an aggregate purchase price of approximately $566.5 million.” 10-K for 2025 | divestiture | During the year ended December 31, 2025 | approximately $566.5 million |
five franchises (5 dealership locations)Word for word“During the year ended December 31, 2024, we sold five franchises (5 dealership locations) for an aggregate purchase price of approximately $196.3 million.” 10-K for 2025 | divestiture | During the year ended December 31, 2024 | approximately $196.3 million |
one franchise (one dealership location)Word for word“During the year ended December 31, 2023, we sold one franchise (one dealership location) for proceeds of $30.7 million.” 10-K for 2025 | divestiture | During the year ended December 31, 2023 | $30.7 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $0 | $114.3 million | — |
| 2017-12-31 | $80.1 million | $0 | $32.7 million |
| 2018-12-31 | $91.3 million | $0 | $20.4 million |
| 2019-12-31 | $210 million | $39.1 million | $25.9 million |
| 2020-12-31 | $954.1 million | $177.9 million | $364.3 million |
| 2021-12-31 | $3.66 billion | $21.3 million | $1.83 billion |
| 2022-12-31 | $5 million | $701.2 million | — |
| 2023-12-31 | $1.5 billion | $30.7 million | $240.8 million |
| 2024-12-31 | $4.7 million | $196.3 million | $40.9 million |
| 2025-12-31 | $1.76 billion | $566.5 million | $341.7 million |
Deal filings since 2016
- 2025-07-29 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2025-07-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-07-21 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2025-04-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-02-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-02-23 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2023-12-11 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2023-10-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-09-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-10-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-17 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-12-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-11-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-09-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-09-30 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-09-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-08-24 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-07-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-02-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-02-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-02-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-09-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-11-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Asbury Automotive’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.