Summary
Asbury Automotive Group sold six luxury dealerships and a collision center in the St. Louis area to MileOne Autogroup, marking MileOne’s entry into the market. The Presidio Group advised the sale, which closed on February 23 and included the underlying real estate. MileOne will retain the locally recognized Plaza name. Asbury framed the move as part of ongoing portfolio realignment following recent expansion, while MileOne emphasized immediate scale with premium brands in an attractive market.
Dealerships and Facility Transferred
- Plaza Mercedes-Benz
- Mercedes-Benz of Chesterfield
- Plaza BMW
- Land Rover St. Louis
- Audi Creve Coeur
- Plaza Infiniti
- Plaza Collision Center
Strategic Context
Asbury characterized the St. Louis exit as portfolio management after a period of rapid growth, including its 2025 acquisition of 33 dealerships from Herb Chambers. Presidio called the sale a “textbook” example of footprint realignment. MileOne said the acquisition aligns with its strategy to expand with leading luxury brands in attractive markets, and it plans to preserve continuity by keeping the Plaza name.
Brand Mix and Scale
- Dual Mercedes-Benz rooftops plus BMW, Land Rover, Audi, and Infiniti.
- Collision repair facility supporting service and retail operations.
- Concentrated luxury presence in a single metro for operational efficiencies.
Advisors and Counsel
- The Presidio Group served as exclusive M&A advisor to Asbury via Presidio Merchant Partners LLC (member FINRA/SIPC).
- Asbury legal: Jones Day (lead counsel, partner Ryan Drzemiecki); real estate counsel Katherine Frazier (Hill Ward & Henderson, P.A.).
- MileOne legal: Underwood & Roberts, PLLC (Jeffery G. Roberts).
What Was Not Disclosed
- Financial terms and valuation.
- Integration timelines, staffing changes, or performance targets.
- Status of manufacturer approvals (not specified).
Company Snapshots (per the announcement)
- Asbury: 161 new-vehicle dealerships with 209 franchises across 36 brands; 38 collision centers; additional F&I and protection products via Total Care Auto.
- MileOne: 72 dealerships across 26 brands in the Mid-Atlantic and Midwest.
