FORT LAUDERDALE, Fla.,
June 9, 2016 /PRNewswire/ --
AutoNation, Inc. (NYSE: AN), America's largest automotive retailer,
today announced that it has signed an agreement to acquire
Centennial Chrysler Jeep, located in Denver, Colorado. This acquisition will expand
the Company's footprint to 18 stores in the Denver market. In 2015, the store sold over
3,000 new and used retail vehicles, with approximately $110 million in annual revenue. This will be
AutoNation's 30th FCA store. The Company expects to
close the acquisition in the third quarter of 2016. The transaction
is subject to customary terms and conditions, including
manufacturer approval.
Mike Jackson, AutoNation's
Chairman, Chief Executive Officer and President, stated, "We are
pleased with the opportunity to expand the AutoNation Brand in the
Denver Market. This acquisition will complement our existing
footprint on Arapahoe Road, an attractive auto retail location. We
look forward to welcoming Centennial Chrysler Jeep and its 83
associates to AutoNation."
About AutoNation, Inc.
AutoNation is America's
largest automotive retailer, currently owning and operating 367 new
vehicle franchises from coast to coast. AutoNation sold its 10
millionth vehicle in 2015, the first automotive retailer to reach
this milestone. A commitment to delivering a peerless experience
through customer-focused sales and service processes is what drives
AutoNation's success. AutoNation supports the Breast Cancer
Research Foundation through its Drive Pink Campaign. AutoNation is
transforming the automotive industry through bold leadership,
technology and innovation.
Please visit investors.autonation.com, www.autonation.com,
www.autonationdrive.com, www.twitter.com/autonation,
www.twitter.com/CEOMikeJackson, www.facebook.com/autonation, and
www.facebook.com/CEOMikeJackson, where AutoNation discloses
additional information about the Company, its business, and its
results of operations.
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SOURCE AutoNation, Inc.