AutoNation to Acquire 12 Stores with 31 Franchises Representing Approximately $800 Million in Annual Revenue
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AutoNation (AN) to Acquire 12 Stores from Allen Samuels Auto Group
October 28, 2015 8:22 AM EDTAutoNation (NYSE: AN) announced that it has signed an agreement to acquire 12 stores, including 31 franchises, in the Houston, Dallas-Fort Worth, Corpus Christi, Tyler, Ennis and Waco, Texas markets from Allen Samuels Auto Group, representing approximately $800 million in annual revenue and 19,500 retail new and used vehicle unit sales. For AutoNation, Texas will represent approximately 25% of total revenue, with 53 stores, 82... More
