ACQUIRED · 2020
Who Acquired Park Place Dealerships?
Asbury Automotive Group · $735.0M· 7.7× EBITDA
The acquisition
Park Place Dealerships (Dallas/Fort Worth, TX) was acquired by Asbury Automotive Group in 2020 for $735.0M. One of the country's largest and most prominent luxury dealer groups with 12 new vehicle franchises in Dallas/Fort Worth market. The deal was priced at 7.7× EBITDA / 0.43× revenue.
Park Place Dealerships at time of acquisition
Revenue
$1700.0M
EBITDA
$95.0M
Deal value
$735.0M
EV / EBITDA
7.7×
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
- Larry H. Miller Dealerships and Total Care Auto · 2021 · $3.20B · 8.9× EBITDA
Similar auto dealership acquisitions
- Groove Ford and Groove Mazda · acquired by AutoNation in 2025 · $70.0M
- Jaguar Land Rover Los Angeles, JLR Newport Beach, JLR San Jose, Land Rover Pasadena · acquired by Sonic Automotive in 2025 · $359.9M
- Penske Motor Group (Longo Toyota, Longo Lexus, Lexus Stevens Creek, Longo Toyota of Prosper) · acquired by Penske Automotive Group in 2025 · $519.4M
- The Herb Chambers Companies · acquired by Asbury Automotive Group in 2025 · $1.45B
- Pendragon PLC UK Motor and Fleet Management Divisions · acquired by Lithia & Driveway in 2024 · $500.0M
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Sourced from Asbury Automotive Group Press Release. Primary source. Full deal page.
Citation: ExitValue.ai. (2020). Park Place Dealerships acquired by Asbury Automotive Group. https://exitvalue.ai/acquired/park-place-dealerships