{"schema_version":"secwatch.filing_event.v1","accession":"0001144980-23-000134","form_type":"8-K","ticker":"ABG","cik":"0001144980","company_name":"ASBURY AUTOMOTIVE GROUP INC","filed_at":"2023-12-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.345271+00:00","generated_at":"2026-06-07T14:42:25.571414+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Asbury Automotive completes $1.2B acquisition of Jim Koons Automotive Companies","bullets":["Acquisition adds 20 dealerships, 29 franchises, and 6 collision centers in VA, MD, DE.","Expected annualized revenue of ~$3B from Koons; purchase price includes $740M goodwill.","Funded via Asbury's existing credit facility and cash on hand.","Koons is the 9th largest privately-held U.S. dealer group with top Toyota, Lexus, Mercedes franchises."],"urls":{"canonical":"https://secwatch.observer/filing/0001144980-23-000134","json":"https://secwatch.observer/filing/0001144980-23-000134.json","markdown":"https://secwatch.observer/filing/0001144980-23-000134.md","text":"https://secwatch.observer/filing/0001144980-23-000134.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144980/000114498023000134/0001144980-23-000134-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144980/000114498023000134/abg-20231211.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T14:42:25.571414+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":"aa8fbe17bf1ac94cacbc1f5d2b1c35950bfa3644","claim":"ASBURY AUTOMOTIVE GROUP INC completed an acquisition involving Jim Koons Dealerships for approximately $1.2 billion (closed 2023-12-11).","evidence_excerpt":"and Sale Agreement with various entities that comprise the Jim Koons automotive dealerships group (the “Transaction”) for an aggregate net purchase price of approximately $1.2 billion, which includes $740 million for goodwill, approximately $420 million for the real estate and leasehold improvements and approximately $70 million for new vehicles, used","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144980/000114498023000134/0001144980-23-000134-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Jim Koons Dealerships"},{"label":"Consideration","value":"approximately $1.2 billion"},{"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"}