Georgia dealership giant absorbs Stevinson Automotive

DULUTH, GEORGIA — Asbury Automotive Group Inc. (NYSE: ABG), which made a splash in the Colorado car dealer market this year with the $3.2 billion purchase of Larry H. Miller Group of Cos. operations, is diving in again with the acquisition of Stevinson Automotive Inc.

Locally, Stevinson, which employs about 600 workers, operates Lexus of Frederick and Hyundai of Longmont. The group has a half-dozen other dealerships around the Denver area. 

Asbury paid $377 million in cash for the business and real estate assets, according to a U.S. Securities and Exchange Commission disclosure. 

“After meeting with [Asbury CEO] David Hult and the…