The Presidio Group Exclusively Advised Asbury Automotive Group on the Sale of Kia of Owings Mills to Stivers Automotive Group

Daniel Clara, president and CEO of Asbury Automotive Group

“Consistent with our long-term value creation strategy, we continually evaluate our portfolio to ensure we are investing where we can best serve our shareholders, team members and guests.”

Daniel Clara, president and CEO of Asbury Automotive Group

“The decision to divest any dealership is not made lightly. We appreciate the guidance of the Presidio team in identifying the right buyer, and we are confident Stivers will be an excellent steward for the Kia of Owings Mills team.”

Eddie Stivers, vice president of Stivers Automotive Group

“Kia has built an impressive product lineup and continues to strengthen its position with consumers, making this an attractive opportunity for our organization.”

Eddie Stivers, vice president of Stivers Automotive Group

“As we expand beyond our traditional brands and region, Kia of Owings Mills gives us an established foothold in a new market that we look forward to building upon. We appreciate the confidence Asbury and Presidio placed in us and commend Presidio for its top-notch professionalism and expertise, which was on display once again in this transaction.”

Alex Watterson, managing director at The Presidio Group

“We were privileged to once again help Asbury execute a transaction that advances its portfolio-management objectives.”

Alex Watterson, managing director at The Presidio Group

“Stivers’ operating history, support of the Kia brand and interest in expanding into a new region made the group a strong fit for the dealership.”

George Karolis, president of The Presidio Group

“The confidence Asbury continues to place in Presidio is an honor, and we are proud to serve as a trusted advisor in these important transactions.”

George Karolis, president of The Presidio Group

“Our decades-long relationship with Dan Clara and the rest of Asbury’s leadership team gives us a deep understanding of the company’s priorities, enabling Presidio to efficiently manage these divestitures so they can stay focused on their core business. We aim to keep earning that trust through the thoughtful advice and disciplined execution that have long been the foundation of this relationship.”