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Side note: Larry H. Miller Dealerships acquired by Asbury Automotive

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  • Side note: Larry H. Miller Dealerships acquired by Asbury Automotive

    https://www.marketwatch.com/story/as...eal-2021-09-29

    Asbury Automotive Group Inc. shares jumped 4% in premarket trade Wednesday, after the company said it has agreed to purchase Larry H. Miller Dealerships, the eighth largest dealer group in the U.S., and Total Care Auto, powered by Landcar, in a deal valued at $3.2 billion.

  • #2
    Looks like all the great grandkids want to retire at 18

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    • #3
      I didn't realize it at first, but Total Care Auto is also a Larry H. Miller company.

      $1.66 Billion for the Utah Jazz/Vivint Smart Home Arena/Salt Lake Stars/Salt Lake Bees
      $3.2 Billion for the Larry H. Miller Auto Dealerships/Total Care Auto

      The Millers are doing okay these days in their twilight years.

      What assets do they have left?
      Larry H. Miller Management Corporation
      Larry H. Miller Real Estate
      Advanced Health Care
      Prestige Financial *
      Larry H. Miller Insurance Services *
      Megaplex Theaters
      Saxton Horne Communications

      * Heavily tied to the automotive dealerships

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