AutoNation To Acquire 16 Stores - Quick Facts

(RTTNews) - AutoNation, Inc. (AN) announced it has signed agreements to acquire 13 stores in Georgia, Alabama and Tennessee from Carl Gregory Enterprises and 3 stores in the Baltimore, Maryland market from Valley Motors Auto Group representing over $600 million in combined annual revenue.

In 2014, the Carl Gregory stores retailed approximately 16,750 new and used vehicles. The Valley Motors Auto Group stores retailed approximately 2,900 new and used vehicles in 2014.

Once the transactions are completed, AutoNation's total franchise count will be 327 franchises, an increase of 34 franchises.