secwatch.observer — SEC 8-K summary
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Issuer:     SONIC AUTOMOTIVE INC (SAH)
CIK:        0001043509
Form:       8-K
Filed at:   2021-12-09T23:59:59+00:00
Accession:  0001043509-21-000022
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonic Automotive completes $950M acquisition of RFJ Auto Partners; adds 33 locations
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- Total consideration ~$950.2M; $222.4M funded from floor plan credit facilities.
- Acquires 33 locations across 7 states and 16 auto brands; adds 6 new states to Sonic's footprint.
- Expected to add $3.2B in annualized revenues, targeting top-five U.S. dealer group by revenue.
- Includes Dave Smith Motors, highest volume Chrysler Dodge Jeep RAM dealer globally.
- CEO David Smith and President Jeff Dyke highlight cultural fit and growth acceleration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043509/000104350921000022/0001043509-21-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043509/000104350921000022/sah-20211206.htm
  HTML page:      https://secwatch.observer/filing/0001043509-21-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer