DULUTH, Ga., Oct. 14, 2019 /PRNewswire/ -- Asbury Automotive
Group, Inc. (NYSE: ABG), one of the largest automotive retail
companies in the U.S., has acquired Mike
Shaw Subaru located in Thornton,
Colorado. This will be the first dealership in Colorado as well as the first Subaru brand
store for Asbury.
The dealership has a 17-year history in the Denver market and currently employs 120 team
members.
"The highly engaged Mike Shaw Subaru Team has built the leading
Subaru dealership in the market. My decision to sell Mike Shaw Subaru was not an easy one," said
Mike Shaw, CEO and founder of Mike
Shaw Automotive. "However, we felt confident that Asbury Automotive
Group is the right fit culturally and will be good stewards of
Mike Shaw Subaru."
The purchase closed on September 30,
2019. The dealership's name will remain Mike Shaw Subaru, and Asbury retained all the
dealership's employees.
"We are very excited about Mike Shaw
Subaru. It is a great store with a great team and a great
brand, and Denver is a new market
for us to develop and grow," said David
Hult, President and CEO of Asbury Automotive Group. "This
dynamic market presents several opportunities for Asbury, and we
are thrilled that our introduction to Colorado is through a highly successful brand
and dealership whose reputation for community involvement and
environmental consciousness is renowned. We are proud to have
Mike Shaw Subaru join our family of
dealerships."
About Asbury Automotive Group, Inc.
Asbury Automotive Group, Inc. ("Asbury"), a Fortune 500 company
headquartered in Duluth, Ga., is
one of the largest automotive retailers in the U.S. Asbury
currently operates 88 dealerships, consisting of 107 franchises,
representing 31 domestic and foreign brands of vehicles. Asbury
also operates 25 collision repair centers. Asbury offers customers
an extensive range of automotive products and services, including
new and used vehicle sales and related financing and insurance,
vehicle maintenance and repair services, replacement parts and
service contracts.
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SOURCE Asbury Automotive Group, Inc.