Mike Davidson Ford: Asbury Automotive expands in Florida

Asbury Automotive Group Inc. (NYSE: ABG) bought Mike Davidson Ford in Jacksonville, Fla., for an undisclosed amount. The Atlanta-based automotive retailer will rebrand the dealership, which generated $90 million in revenue last year, Coggin Ford. The acquisition brings the number of Asbury stores in Florida to 24, along with three Q auto locations. Asbury now operates 86 dealerships, composed of 106 franchises, that sell and service 29 domestic and foreign brands of vehicles.