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December 4, 2012
07:01 EDTANAutonation to acquire six Texas stores representing $575M in annual revenue
AutoNation announced that it has signed agreements to acquire Audi, Porsche and three Volkswagen stores in the Dallas, Texas market from Boardwalk Auto Group and Spring Chrysler Jeep Dodge Ram in the Houston, Texas market. The transactions are subject to customary terms and conditions, including manufacturer approval. Together, the stores are expected to sell over 14,000 new and used retail units in 2012 with approximately $575M of revenue. Upon completion of the transactions, AutoNation will own and operate 50 franchises in the state of Texas.
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