Driving the news: Matt Bowers purchased a Stellantis dealership in Indiana from Asbury Automotive Group $ABG ( ▲ 0.54% ) in a deal that closed February 2.
For context: Bowers, CEO of his namesake Matt Bowers Auto Group, purchased Bill Estes Chrysler Dodge Jeep Ram in metro Indianapolis.
Bowers renamed the store INDY Chrysler Dodge Jeep Ram.
The Slidell, Louisiana group owns stores mostly in the Gulf Coast region, and the Indiana acquisition expands the portfolio to a new market.
Bowers also entered the Dallas market with the December 1 purchase of another Stellantis store, from Continental Automotive Group, based in Austin, Texas.
Worth mentioning: Asbury has divested at least 12 dealerships since last summer, following its $1.45 billion acquisition of Herb Chambers Cos. in July 2025.
What they’re saying: Bowers told CGD News he figured out he didn’t need to leave the industry to diversify his portfolio, so he’s exploring new markets and brands.
He likes markets with professional sports teams and thinks Stellantis has a good plan to bounce back, which made the Dallas and Indianapolis deals attractive to him.
“I was able to buy a couple of dealerships that are image-compliant, really nice setups, meaning that they have service capacity, availability and plenty of parking,” Bowers said.
Bowers aims to keep expanding with an eye on the West Coast, the southwest and New England markets, and the Honda, BMW and Subaru brands.
Bottom line: The latest Bowers acquisitions provide another example of buyers figuring out the most strategic way to scale. Before, he focused more on the deal’s value. Now, he’s being more intentional with brand and location choices.
You can see this deal announcement and many more throughout the entire year, by visiting the CDG Buy/Sell tracker at CDGbuysell.com powered by:
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