McLarty Automotive Group said Tuesday that it has acquired five dealerships and two collision centers from publicly traded Asbury Automotive of Atlanta.
The deal gives McLarty ownership of BMW of Little Rock, North Point Collision Center North, North Point Collision Center West, North Point Ford, North Point Lincoln, North Point Toyota and Volvo of Little Rock.
Arkansas Business reported in October that a deal for the properties was in the works. (A possible deal for Penske Automotive Group’s Landers franchises in Benton that was reported at the same time subsequently fell through.)
The companies did not disclose a purchase price. McLarty said the deal to purchase all the remaining Asbury Automotive holdings in Arkansas brings its annual revenue "to more than $1.4 billion."
"We're excited to announce this major expansion in our home market," said Mark McLarty, founder and chairman of McLarty Automotive Group. "These businesses have a special connection with our community and our family, and we believe they will benefit from being locally owned and operated."
McLarty purchased four dealerships from Asbury Automotive last year.
The acquisitions announced Tuesday now will be known as BMW of Little Rock, Mark McLarty Ford, Mark McLarty Lincoln, Mark McLarty Toyota and McLarty Volvo Cars of Little Rock.
McLarty Automotive was founded in 2014 and made its first Arkansas acquisition — Bale Honda of Little Rock — that same year.
The company is also building a new $10 million, 30,000-SF McLarty Nissan dealership in Benton set to open next year.