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New Deal


Announced

Completed

MileOne Autogroup completed the acquisition of Koons Wilmington Lexus from Asbury Automotive.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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United States

car dealership

Auto Services

Acquisition

Majority

Private

Domestic

Friendly

Single Bidder

Completed

Synopsis

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MileOne Autogroup, an automotive sales and service network, completed the acquisition of Koons Wilmington Lexus, a car dealership, from Asbury Automotive, an auto dealership. Financial terms were not disclosed. “We are thrilled to welcome another Lexus store to the MileOne network. When this location became available, we knew immediately that it would be a terrific addition to our portfolio," Michael Fader, MileOne Autogroup Vice President.

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