Sonic Automotive Buys Audi New Orleans To Expand Dealership In Louisiana

(RTTNews) - Sonic Automotive, Inc. (SAH), an automotive retailer, Thursday said it acquired Audi New Orleans from the Bohn Brothers Automotive Group, a long-established dealership operation in Louisiana. The terms of the deal were not disclosed.

The acquired business is located in Metairie, Louisiana, and serves the greater New Orleans area.

The acquisition adds to the Company's wide range of automotive brands. It is Sonic Automotive's 10th Audi dealership and their first franchise dealership in Louisiana. With this addition, the Company now operates 108 franchise dealerships across the country.

Audi New Orleans was opened in June 2009, continuing the tradition of automotive sales and service started by George Bohn, Sr. over 100 years ago in the New Orleans area. Kerrigan Advisors helped the Bohn Brothers Automotive Group with the acquisition.

Wednesday, SAH had closed 0.03 cents or 0.04% less at $67.20 on the New York Stock Exchange. In the pre-market trading, SAH is 1.79 lesser further at $66.