M&A Deal Summary

Graham Holdings Acquires Ourisman Honda of Tysons Corner

On January 31, 2019, Graham Holdings acquired automotive company Ourisman Honda of Tysons Corner from Sonic Automotive

Acquisition Highlights
  • This is Graham Holdings’ 2nd transaction in the Automotive sector.
  • This is Graham Holdings’ 11th transaction in the United States.
  • This is Graham Holdings’ 2nd transaction in Virginia.

M&A Deal Summary

Date 2019-01-31
Target Ourisman Honda of Tysons Corner
Sector Automotive
Buyer(s) Graham Holdings
Sellers(s) Sonic Automotive
Deal Type Divestiture

Target

Ourisman Honda of Tysons Corner

Vienna, Virginia, United States
Ourisman Honda of Tysons Corner provides service, quality, and everything in between to Honda Drivers from Vienna.

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Buyer(S) 1

Buyer

Graham Holdings

Arlington, Virginia, United States

Category Company
Founded 1877
Sector Diversified
Employees14,110
Revenue 4.4B USD (2023)
DESCRIPTION

Graham Holdings is a diversified education and media company whose principal operations include educational services; television broadcasting; online, print and local TV news; home health and hospice care; and custom manufacturing. The Company owns Kaplan, a leading global provider of educational services; Graham Media Group (WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio, WJXT–Jacksonville); The Slate Group (Slate and Panoply); and Foreign Policy. The Company also owns Trove, a social news aggregator; SocialCode, a leading social marketing solutions company; Celtic Healthcare and Residential Healthcare Group, home health and hospice providers; Joyce/Dayton Corp., a manufacturer of screw jacks, linear actuators and lifting systems; and Forney Corporation, a manufacturer of burners, igniters, dampers and controls for combustion processes in electric utility and industrial applications. Graham Holdings was founded in 1877 and is based in Arlington, Virginia.


DEAL STATS #
Overall 11 of 15
Sector (Automotive) 2 of 3
Type (Divestiture) 5 of 6
State (Virginia) 2 of 3
Country (United States) 11 of 15
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Lexus of Rockville

Rockville, Maryland, United States

Lexus of Rockville is an automotive dealer based in Rockville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Clyde’s Restaurant Group

Washington, District of Columbia, United States

Clyde’s Restaurant Group provides thirteen restaurants and entertainment venues including eight Clyde’s locations, Old Ebbitt Grill, The Hamilton, 1789 Restaurant, The Soundry, and The Tombs. Clyde’s Restaurant Group was founded in 1963 and is based in Washington, District of Columbia.

Buy -

Seller(S) 1

SELLER

Sonic Automotive

Charlotte, North Carolina, United States

Category Company
Founded 1997
Sector Automotive
Employees10,500
Revenue 14.4B USD (2023)
DESCRIPTION
Sonic Automotive's corporate headquarters in Charlotte, North Carolina.
Sonic Automotive's corporate headquarters in Charlotte, North Carolina.

Sonic Automotive is an automotive dealer in the United States operating 173 franchises and 37 collision repair centers. Sonic was formed in 1997 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector (Automotive) 2 of 2
Type (Divestiture) 2 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Lexus of Rockville

Rockville, Maryland, United States

Lexus of Rockville is an automotive dealer based in Rockville, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Carbiz

Baltimore, Maryland, United States

Carbiz is an auto dealer in the United States. Company provides pre-owned automobile sales, new Vespa/Piaggio sales, and Piaggio and Vespa parts and accessories. Carbiz was founded in 1995 and is based in Baltimore, Maryland.

Buy -