Stivers Automotive Group acquired Kia of Owings Mills in Owings Mills, Maryland, and its related real estate from Asbury Automotive Group Inc. on October 19, 2026. The acquisition gives Stivers its first Kia dealership and entry into the Mid-Atlantic region. For Asbury, the sale is part of its efforts to direct resources toward core operations and expansion opportunities. The Presidio Group, through its wholly owned investment bank, Presidio Merchant Partners LLC, served as Asbury’s exclusive M&A advisor.
Deal Details:
Seller: Asbury Automotive Group Inc.
Buyer: Stivers Automotive Group
Transaction Date: October 19, 2026
Acquired/Rebranded Dealership(s):
- Kia of Owings Mills → Stivers Kia of Owings Mills
Advisor/Facilitator: The Presidio Group, through Presidio Merchant Partners LLC (exclusive sell-side M&A advisor)
Legal Counsel: Daniel E. Johns, Kevin Sutton, S. Katherine Frazier and Jill K. Bell of Hill Ward Henderson (sell-side legal counsel); Rick McBride of McBride Law LLC (buy-side legal counsel); Rushton, Stakely, Johnston & Garrett, P.A. and Bill Eskridge (buyer’s real estate counsel)
