{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-231116","form_type":"8-K","ticker":"ABG","cik":"0001144980","company_name":"ASBURY AUTOMOTIVE GROUP INC","filed_at":"2023-09-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.243007+00:00","generated_at":"2026-06-10T22:00:46.434529+00:00","sec_items":["1.01","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 to acquire Jim Koons dealerships for ~$1.2B, adding 20 stores in Mid-Atlantic","bullets":["Purchase price ~$1.2B ($740M goodwill, $417M real estate) for 20 dealerships, 6 collision centers, 29 franchises.","Jim Koons group generated over $3B revenue in 2022; Asbury calls deal transformative for its Mid-Atlantic expansion.","Transaction not subject to financing condition; expected close Q4 2023 or early Q1 2024.","Asbury plans to fund with existing liquidity, credit facility, and cash on hand."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-231116","json":"https://secwatch.observer/filing/0001193125-23-231116.json","markdown":"https://secwatch.observer/filing/0001193125-23-231116.md","text":"https://secwatch.observer/filing/0001193125-23-231116.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144980/000119312523231116/0001193125-23-231116-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144980/000119312523231116/d494750d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T22:00:46.434529+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":"6c3584f9ca9c6e124f945775401c8718419e6c2b","claim":"ASBURY AUTOMOTIVE GROUP INC entered into Transaction Agreement with Jim Koons Dealerships valued at approximately $1.2 billion (effective 2023-09-07).","evidence_excerpt":"On September 7, 2023, Asbury Automotive Group, L.L.C. (“Purchaser”), a Delaware limited liability company and a wholly-owned subsidiary of Asbury Automotive Group, Inc., a Delaware corporation (the “Company”), entered into a Purchase and Sale Agreement (the “Transaction Agreement”) with various entities that comprise the Jim Koons automotive dealerships group (the “Jim Koons Dealerships”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144980/000119312523231116/0001193125-23-231116-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Jim Koons Dealerships"},{"label":"Value","value":"approximately $1.2 billion"},{"label":"Effective","value":"2023-09-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}