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Stock impact report

The Presidio Group Advises Asbury Automotive Group on the Sale of Delaware Lexus Store [Yahoo! Finance]

Asbury Automotive Group Inc (ABG) 
Last asbury automotive group inc earnings: 2/3 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Asbury Automotive Group, Inc. of Duluth, Ga., on the sale of a Lexus dealership in Wilmington, Del., to MileOne Autogroup of Towson, Md. The transaction, which was finalized March 4, included Koons Wilmington Lexus and its real estate. Asbury had acquired the Lexus store in December as part of its acquisition of the larger Jim Koons Automotive Companies. "The Presidio Group, one of our trusted advisors, swiftly found a strategic buyer for this store and facilitated a quick and seamless transaction," Asbury CEO David Hult said. "The care and expertise brought to this deal by the Presidio team was top-notch, and we appreciate their efforts in bringing this transaction to fruition in a way that benefited both Asbury and MileOne." For MileOne, the deal marks its first location in Wilmington and its second Lexus dealership. "We are thrilled to welcome another Le Show less Read more
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