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In December 2019, Asbury agreed to buy Texas-based Park Place Dealerships, a collection of luxury vehicle dealerships in the Dallas/Fort Worth area, for $1 billion. [15] On March 24, 2020, the deal was canceled amid concerns due to the COVID-19 pandemic. [16] However, a modified deal was reached on July 6 of that year [17] which closed on ...
After leaving the army, Westcott moved to California and got a job in car sales. In 1967 he bought a car dealership and by 1979 Westcott owned 17 dealerships across the nation. [4] Westcott Communications was sold in 1996 for $422 million to K-III Communications which was nominally owned by leveraged buyout firm Kohlberg Kravis Roberts. [5]
AutoNation is an American automotive retailer based in Fort Lauderdale, Florida, which provides new and pre-owned vehicles and associated services in the United States. [6] The company was founded by Wayne Huizenga in 1996, starting with twelve AutoNation locations, and now has more than 300 retail outlets. [7] [8]
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Richard Rainwater was born in Fort Worth, Texas, in 1944. He grew up in a family of entrepreneurs and investors, and was exposed to the world of business and finance at an early age. Rainwater's father, Sam, was a successful businessman and investor, who owned a number of companies in the Fort Worth area.
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