Reports that long-time, family-owned Bill Estes Automotive Group is being purchased by Asbury Automotive, Atlanta, GA, have been confirmed.
The dealerships are Bill Estes Chrysler, Dodge, Jeep and Ram (Brownsburg); Bill Estes Ford (Brownsburg); Bill Estes Chevrolet (Indianapolis); and Bill Estes Chevrolet, Buick and GMC (Lebanon).
An Asbury spokesperson released this statement to the Business Leader today: “Asbury Automotive Group has plans to acquire four dealerships in Indiana: Bill Estes Ford, Bill Estes Chevrolet, Bill Estes Chevy Buick GMC and Bill Estes Chrysler Dodge Jeep and Ram. The Bill Estes Auto Group has a history of success, great culture and most importantly, amazing people. The Asbury leadership team believes that our company will be a good steward of this family business that has a long legacy of quality service in the Indianapolis market. The sale is expected to be finalized before the end of first quarter 2019, and is subject to customary closing conditions.”
The Business Leader will update this developing story.