M&A Deal Summary

AutoNation Acquires Boardwalk Audi Porsche and Volkswagen

On December 4, 2012, AutoNation acquired retailer Boardwalk Audi Porsche and Volkswagen from Boardwalk Auto Group

Acquisition Highlights
  • This is AutoNation’s 5th transaction in the Retail sector.
  • This is AutoNation’s 10th transaction in the United States.
  • This is AutoNation’s 2nd transaction in Texas.

M&A Deal Summary
Date 2012-12-04
Target Boardwalk Audi Porsche and Volkswagen
Sector Retail
Buyer(s) AutoNation
Sellers(s) Boardwalk Auto Group
Deal Type Divestiture

Target

Boardwalk Audi Porsche and Volkswagen

Plano, Texas, United States
Boardwalk Audi and Boardwalk Porsche are located in Plano, Texas. Boardwalk Audi, which received the prestigious 2011 Audi Magna Society Award,The Boardwalk Volkswagen stores include Park Cities Volkswagen on Lemmon Avenue in Dallas, Boardwalk Volkswagen in Richardson, and McKinney Volkswagen, which was opened in late 2009 as a new franchise in the growing McKinney market.

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Buyer(S) 1

Buyer

AutoNation

Fort Lauderdale, Florida, United States
Category Company
Founded 1991
Sector Retail
Employees25,300
Revenue 26.9B USD (2023)
DESCRIPTION
AutoNation's corporate headquarters in Fort Lauderdale, Florida.
AutoNation's corporate headquarters in Fort Lauderdale, Florida.

AutoNation is an automotive retailer and offers a range of automotive products and services, including new vehicles, used vehicles, parts, and services. AutoNation was formed in 1991 and is based in Fort Lauderdale, Florida.

DEAL STATS #
Overall 10 of 13
Sector (Retail) 5 of 6
Type (Divestiture) 1 of 2
State (Texas) 2 of 2
Country (United States) 10 of 13
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-04 Spring Chrysler Jeep Dodge

Houston, Texas, United States

Spring Chrysler Jeep Dodge Ram ("Spring CJDR") is the highest new vehicle volume Chrysler Jeep Dodge Ram dealer in the Texas market and is number four in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-13 AutoUSA

Fort Lauderdale, Florida, United States

AutoUSA, Inc. is a provider of online lead-referral services to customers.

Sell $10M

Seller(S) 1

SELLER

Boardwalk Auto Group

Plano,, Texas, United States
Category Company
Founded 2009
Sector Retail
DESCRIPTION

Boardwalk Auto Group is of the premier auto groups in the nation. Company strive to make experience with Boardwalk Auto Group a good one for the life of vehicle. Company provides,Purchase, Finance, or Service a New or Pre-Owned Ferrari, Lamborghini, Maserati, or FIAT, at the right place.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Mergr

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