What did Asbury Automotive Group pay for Larry H. Miller Dealerships and Total Care Auto?

$3.20B, equivalent to 8.9× EBITDA / 0.56× revenue. Target revenue was approximately $5700.0M. Target EBITDA was approximately $360.0M.

ACQUIRED · 2021

Who Acquired Larry H. Miller Dealerships and Total Care Auto?

Asbury Automotive Group · $3.20B· 8.9× EBITDA

The acquisition

Larry H. Miller Dealerships and Total Care Auto (Salt Lake City, UT) was acquired by Asbury Automotive Group in 2021 for $3.20B. 8th largest dealer group in US with 54 new vehicle dealerships, 7 used vehicle dealerships, 11 collision centers, used vehicle wholesale business, and F&I product provider. The deal was priced at 8.9× EBITDA / 0.56× revenue.

Larry H. Miller Dealerships and Total Care Auto at time of acquisition

Revenue

$5700.0M

EBITDA

$360.0M

Deal value

$3.20B

EV / EBITDA

8.9×

Other acquisitions by Asbury Automotive Group

Recent transactions by the same buyer — useful for understanding their playbook and what they typically pay.

The Herb Chambers Companies · 2025 · $1.45B · 8.2× EBITDA
Park Place Dealerships · 2020 · $735.0M · 7.7× EBITDA

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