Home Tangible Assets Louisiana-Based All Star Automotive Group to Sell for $700M
Tangible Assets

Louisiana-Based All Star Automotive Group to Sell for $700M

Share


Hudson Automotive Group, headquartered in Charleston, SC, has agreed to acquire All Star Automotive Group, the Baton Rouge, LA-based dealership and service network, in a $700 million deal that includes dealerships, collision operations, a parts warehouse and a used car super center, sources told The Advocate.

The deal comprises nearly $200 million in real estate, a group brand value of around $80 million, and the remaining value tied to vehicle inventory and tangible assets. If approved by the involved automakers, the transaction would mark the largest dealership group sale in Louisiana history.

This acquisition positions Hudson Automotive to significantly expand its footprint in the Southeast, adding 13 dealerships across Baton Rouge, Denham Springs and Prairieville in Louisiana, representing 14 brands including Ford, Hyundai, Kia, Toyota and others. The agreement also includes collision centers at four dealerships, a parts warehouse and used car superstore.

Hudson Automotive Group has indicated its intention to retain the nearly 700 employees currently working across All Star locations.



Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

SMEs may use digital assets as collateral under proposed law

Small and medium-sized enterprises in Vietnam may be allowed to use digital...

Personalised number plate sales double over 10 years

As well as a current collection of about 220, most of which...

Danos acquires X-Pro Valve, Surplus Valve Warehouse to expand valve, wellhead service offerings

Seated from left, Jeff Mike, owner of X-Pro Valve LLC and Surplus...