M&A Deal Summary

Sonic Automotive Acquires PPE Houston - Jaguar and Land Rover franchises

On January 26, 2007, Sonic Automotive acquired automotive company PPE Houston - Jaguar and Land Rover franchises from PPE Houston for 90M USD

Acquisition Highlights
  • This is Sonic Automotive’s 2nd transaction in the Automotive sector.
  • This is Sonic Automotive’s largest (disclosed) transaction.
  • This is Sonic Automotive’s 2nd transaction in the United States.

M&A Deal Summary

Date 2007-01-26
Target PPE Houston - Jaguar and Land Rover franchises
Sector Automotive
Buyer(s) Sonic Automotive
Sellers(s) PPE Houston
Deal Type Divestiture
Deal Value 90M USD

Target

PPE Houston - Jaguar and Land Rover franchises

United States
PPE Houston - Jaguar and Land Rover franchises. Both franchises giving us exclusive representation of these prestigious brands in one of the largest automotive markets in America.

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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 2 of 8
Sector (Automotive) 2 of 7
Type (Divestiture) 1 of 2
Country (United States) 2 of 8
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-14 FirstAmerica Automotive

Dublin, California, United States

FirstAmerica Automotive, Inc. is a automotive mega-dealer in Northern California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-24 Murray Motor - Murray BMW and Mercedes-Benz of Denver

Denver, Colorado, United States

The franchises include Murray BMW of Denver and Mercedes-Benz of Denver and are expected to add approximately $200 million in revenue during Sonic Automotive's first year of operatio

Buy -

Seller(S) 1

SELLER

PPE Houston

Houston, Texas, United States

Category Company
Sector Automotive
DESCRIPTION

PPE Houston Ltd. provides automotive services in US.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1