Asbury Automotive Group, Inc. acquired Terry Lee Honda from Terry Lee Companies, Inc.
January 09, 2018
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Asbury Automotive Group, Inc. (NYSE:ABG) acquired Terry Lee Honda from Terry Lee Companies, Inc. on January 8, 2018. Post transaction, Terry Lee Honda will be renamed as Hare Honda. Geoffrey Grodner and Dustin Plummer of Mallor Grodner LLP acted as the legal advisor and Brodie Cobb of Presidio Merchant Partners LLC acted as the financial advisor to Terry Lee Companies, Inc. whereas Kevin Sutton and Katherine Frazier of Hill Ward & Henderson acted as the legal advisor to Asbury Automotive Group, Inc. on the transaction.
Asbury Automotive Group, Inc. (NYSE:ABG) completed the acquisition of Terry Lee Honda from Terry Lee Companies, Inc. on January 8, 2018.
Asbury Automotive Group, Inc. is an automotive retailer company. The Company operates through two segments: Dealerships and Total Care Auto (TCA). The Company offers a range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services, and finance and insurance (F&I) products, which includes arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) debt cancellation and prepaid maintenance. The Company operates approximately 160 new vehicle dealerships, consisting of 208 franchises, representing 31 domestic and foreign brands of vehicles. Its TCA, powered by Landcar, is a provider of service contracts and other vehicle protection products, and 37 collision repair centers.
ASBURY AUTOMOTIVE GROUP, INC. 
