M&A TRANSACTION · 2020
Park Place Dealerships acquired by Asbury Automotive Group
$735.0M· 7.7x EBITDA· 0.43x revenue
Target
Park Place Dealerships
Dallas/Fort Worth, TX
One of the country's largest and most prominent luxury dealer groups with 12 new vehicle franchises in Dallas/Fort Worth market
Acquirer
Asbury Automotive Group
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$1700.0M
EBITDA
$95.0M
Deal Value
$735.0M
EV/EBITDA
7.7x
Context
This $735.0M acquisition of Park Place Dealerships by Asbury Automotive Group sits in the auto dealership sub-vertical. The 7.7x EBITDA multiple paid in 2020 can be compared against the population median for auto dealership transactions of similar size on our Auto Dealership valuation hub. Asbury Automotive Group is acquiring as a strategic buyer; see how strategic acquirers typically price auto dealership businesses on our Auto Dealership strategic buyer-pool page.
Source
Data sourced from Asbury Automotive Group Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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