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EX - 99.1 2 a991guardianpressrelease.htm EXHIBIT 99.1 - PRESS RELEASE ASBURY AUTOMOTIVE GROUP Acquisition Represents : ● ● ● O clicklane Eighth largest dealership group in the US ' Over 60 stores in the attractive Western US representing 18 franchise brands with best - in - class operators Provider of service contracts and other vehicle protection products with EBITDA margins of 20 % + Well - respected group with the leading brands in these desirable , high - growth markets Strategically Important to Asbury : O Asbury Automotive Group Adds Approximately $ 5.7 Billion in Annualized Revenues with Transformational Acquisition of Larry H. Miller Dealerships and Total Care Auto , Powered by Landcar Adds approximately $ 5.7 billion in annualized revenue Expected to generate significant value for shareholders Investors & Reporters May Contact : Karen Reid Exhibit 99.1 VP - Corporate FP & A and Treasurer ( 770 ) 418-8211 ir@asburyauto.com LTM EBITDA of $ 360 million , including day - one cost savings Expands Asbury's footprint coast to coast and increases potential of Asbury's Clicklane omni - channel platform Diversifies Asbury with addition of vertically integrated profitable F & I product provider , offering opportunity for future expansion into other Asbury dealerships Exceeds Asbury's target for the acquisition pillar of its 5 - year strategic growth plan Asbury has an additional $ 900 million in annualized revenue from other acquisitions under contract DULUTH , Ga . , Sep. 29 , 2021 -- Asbury Automotive Group , Inc. ( NYSE : ABG ) , one of the largest automotive retail and service companies in the U.S. , entered into a definitive agreement with Larry H. Miller Group¹ of Companies ( " LHM Group " ) to acquire Larry H. Miller 1 Per Automotive News 2020 Top 150 Dealership Groups by New Vehicle Retail Sales dated April 5th , 2021 .