{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-027098","form_type":"8-K/A","ticker":"ABG","cik":"0001144980","company_name":"ASBURY AUTOMOTIVE GROUP INC","filed_at":"2024-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.515238+00:00","generated_at":"2026-06-05T16:43:39.583629+00:00","sec_items":["2.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Asbury Automotive completes $1.5B Jim Koons acquisition; acquired entity had $2.36B revenue in 9 months","bullets":["Acquired substantially all assets of Jim Koons Dealerships for ~$1.5B; transaction closed Dec 11, 2023.","Audited financials: Jim Koons Organization revenue $2.36B, net income $123.5M for Jan-Sep 2023.","As of Sep 30, 2023, Jim Koons had total assets $658M, equity $236M.","Asbury filed unaudited pro forma condensed combined balance sheet and income statement as of Sep 30, 2023.","Acquisition adds 23 dealership franchises across Maryland, Virginia, Delaware, and the Carolinas."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-027098","json":"https://secwatch.observer/filing/0001104659-24-027098.json","markdown":"https://secwatch.observer/filing/0001104659-24-027098.md","text":"https://secwatch.observer/filing/0001104659-24-027098.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144980/000110465924027098/0001104659-24-027098-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144980/000110465924027098/tm247113d1_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T16:43:39.583629+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"636dbcc4188e5c2bcaa7459cf9b9dca09e5ecdde","claim":"ASBURY AUTOMOTIVE GROUP INC completed an acquisition involving Jim Koons Dealerships / Jim Koons automotive dealerships group (closed 2023-12-11).","evidence_excerpt":"On December 11, 2023, Asbury Automotive Group, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Initial Report”) with the Securities and Exchange Commission (the “SEC”) to report the completion of the acquisition by Asbury Automotive Group, LLC (“Purchaser”), a Delaware limited liability company and a wholly-owned subsidiary of Asbury Automotive Group, Inc., a Delaware corporation (the “Company”), of substantially all of the assets, including all real property and businesses of the Jim Koons Dealerships (collectively, the “Businesses”) pursuant to a Purchase and Sale Agreement with various entities that comprise the Jim Koons automotive dealerships group (the “Transaction”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144980/000110465924027098/0001104659-24-027098-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Jim Koons Dealerships / Jim Koons automotive dealerships group"},{"label":"Closing","value":"2023-12-11"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}