AutoNation acquires 18th Denver-area location
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FORT LAUDERDALE, Fla. –
AutoNation announced that is has signed an agreement to acquire Centennial Chrysler Jeep in Denver. This will be the company’s 18th Denver-area store, and its 30th FCA store.
Last year, this store sold more than 3,000 new and used retail vehicles, with about $110 million in annual revenue. AutoNation owns and operates 367 new vehicle franchises nationwide.
“We are pleased with the opportunity to expand the AutoNation brand in the Denver market,” Mike Jackson, AutoNation’s chairman, said in a news release. “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.”
The company expects to close the acquisition in the third quarter of 2016.
