4 Firms Steer $3.2B Deal For US Car Dealership Operator
By Benjamin Horney (September 29, 2021, 8:53 AM EDT) -- Asbury Automotive Group will buy the eighth-largest car dealership operator in the U.S. from Larry H. Miller Group of Cos. for $3.2 billion, the companies said Wednesday, in a transaction driven by four law firms.
The agreement will see Georgia-based Asbury Automotive Group Inc. pick up Larry H. Miller Dealerships as well as Total Care Auto, Powered by Landcar, or TCA, according to a statement. The former represents the eighth-largest dealer group in the U.S., with 54 new vehicle dealerships, seven used vehicle dealerships and 11 collision centers; the latter provides service contracts and other vehicle protection products.
Specifically, the acquisition...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!