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

OWINGS MILLS, Md.--(BUSINESS WIRE)--The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Asbury Automotive Group Inc. (“Asbury”) (NYSE: ABG) on the sale of Kia of Owings Mills in Owings Mills, Md., and its related real estate, to Stivers Automotive Group (“Stivers”). The transaction closed Oct. 19.

The sale furthers Asbury’s portfolio management efforts, which are aimed at concentrating the dealership group’s resources on its core business and key expansion opportunities.

“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,” said 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.”

The transaction gives Stivers Automotive Group its first Kia dealership and expands its footprint into the Mid-Atlantic region.

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

With Stivers, Presidio was able to help Asbury find an experienced operator and buyer who recognized the attractive opportunity presented by Kia of Owings Mills.

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

With this transaction, Presidio has now advised Asbury on the sale of 10 dealerships and one collision center across three markets in 2026.

“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,” said 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.”

Seller legal counsel was provided by Daniel E. Johns, Kevin Sutton, S. Katherine Frazier and Jill K. Bell of Hill Ward Henderson. Buyer legal counsel was provided by Rick McBride of McBride Law LLC. Counsel to the buyer on real estate matters was provided by Rushton, Stakely, Johnston & Garrett, P.A. and Bill Eskridge.

The Presidio Group provided exclusive M&A advisory services to Asbury Automotive Group through its wholly owned investment bank, Presidio Merchant Partners LLC.

About Asbury Automotive Group

Asbury Automotive Group, Inc. (NYSE: ABG), a Fortune 500 company headquartered in Atlanta, Georgia, is one of the largest automotive retailers in the U.S. In late 2020, Asbury embarked on a multi-year plan to increase revenue and profitability strategically through organic operations, acquisitive growth and innovative technologies, with its guest-centric approach as Asbury’s constant North Star. As of September 30, 2026, Asbury operated 155 new vehicle dealerships, consisting of 197 franchises and representing 34 domestic and foreign brands of vehicles. Asbury also operates Total Care Auto, Powered by Asbury, a leading provider of service contracts and other vehicle protection products, and 37 collision repair centers. Asbury offers an extensive range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, and prepaid maintenance. Asbury is recognized as one of America’s Fastest Growing Companies 2024 by the Financial Times, one of the World’s Most Trustworthy Companies for 2024 and 2025 by Newsweek, one of America’s Most Successful Small-Cap Companies by Forbes for 2026 and one of America's Best Companies 2026 by TIME. For additional information, visit www.asburyauto.com.

About The Presidio Group LLC

The Presidio Group was founded in 1998 with the simple mission to relentlessly put the interests of its clients first. By steadfastly adhering to this philosophy, the firm has earned the trust of clients throughout the United States. During their careers, the professionals at Presidio have collectively closed more than 325 transactions for over $22.5 billion. The Presidio Group, based in Denver and Atlanta, publishes research, industry insights and data reports about the automotive retail landscape. Presidio Merchant Partners LLC is a subsidiary of The Presidio Group LLC and is a member of FINRA and SIPC. For more information on Presidio, visit www.thepresidiogroup.com.