---
schema_version: "secwatch.filing_event.v1"
accession: "0001144980-21-000152"
form_type: "8-K"
ticker: "ABG"
cik: "0001144980"
company_name: "ASBURY AUTOMOTIVE GROUP INC"
filed_at: "2021-12-17T23:59:59+00:00"
generated_at: "2026-06-28T00:01:08.449210+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Asbury completes $3.2B acquisition of Larry H. Miller Dealerships and Total Care Auto

## Summary
- Purchase price $3.2B for 54 new-vehicle dealerships, 7 used-car stores, 11 collision centers, a wholesale business, and an F&I product provider.
- Financed with $689.7M real estate term loan plus other debt and cash; loan bears SOFR+1.55%-1.95% or Base Rate+0.55%-0.95%.
- Acquired assets expected to add ~$5.7B annualized revenue and $473M LTM adjusted EBITDA (incl. day-one cost savings).
- Expands Asbury into six Western states: Arizona, Utah, New Mexico, Idaho, California, and Washington.
- Total Care Auto (TCA) service-contract provider to be deployed across Asbury's national store footprint.

## SEC filing metadata
- accession: 0001144980-21-000152
- form_type: 8-K
- ticker: ABG
- cik: 0001144980
- company_name: ASBURY AUTOMOTIVE GROUP INC
- filed_at: 2021-12-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144980/000114498021000152/0001144980-21-000152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144980/000114498021000152/abg-20211217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144980-21-000152
- JSON: https://secwatch.observer/filing/0001144980-21-000152.json
- Plain text: https://secwatch.observer/filing/0001144980-21-000152.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.