M&A Deal Summary

Sonic Automotive Acquires Audi Owings Mills

On August 17, 2022, Sonic Automotive acquired automotive company Audi Owings Mills

Acquisition Highlights
  • This is Sonic Automotive’s 7th transaction in the Automotive sector.
  • This is Sonic Automotive’s 7th transaction in the United States.
  • This is Sonic Automotive’s 2nd transaction in Maryland.

M&A Deal Summary
Date 2022-08-17
Target Audi Owings Mills
Sector Automotive
Buyer(s) Sonic Automotive
Deal Type Add-on Acquisition

Target

Audi Owings Mills

Owings Mills, Maryland, United States
Audi Owings Mills is an operator of a dealership that serves residents of the greater Baltimore area and surrounding regions with a wide selection of new and pre-owned Audi vehicles and manufacturer-authorized parts and services. Audi Owings Mills is based in Owings Mills, Maryland.

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Buyer(S) 1

Buyer

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 7 of 10
Sector (Automotive) 7 of 9
Type (Add-on Acquisition) 5 of 7
State (Maryland) 2 of 2
Country (United States) 7 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 RFJ Auto

Plano, Texas, United States

RFJ Auto is an automotive dealership platform, provides an impeccable experience by going the extra mile to exceed the expectations of guests, associates, vendors, manufacturing partners, and shareholders. RFJ Auto was founded in 2014 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-15 Black Hills Harley-Davidson

Rapid City, South Dakota, United States

Black Hills Harley-Davidson is a full-service Harley-Davidson dealership and hostes “The Rally at Exit 55” during the Annual Sturgis Motorcycle Rally, for approximately 500,000 Harley-Davidson enthusiasts each year. Black Hills Harley-Davidson is based in Rapid City, South Dakota.

Buy -
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