The dealership has a 17-year history in the Denver market and currently employs 120 team members.
"The highly engaged Mike Shaw Subaru Team has built the leading Subaru dealership in the market. My decision to sell Mike Shaw Subaru was not an easy one," said Mike Shaw, CEO and founder of Mike Shaw Automotive. "However, we felt confident that Asbury Automotive Group is the right fit culturally and will be good stewards of Mike Shaw Subaru."
The purchase closed on Sept. 30, 2019. The dealership's name will remain Mike Shaw Subaru, and Asbury retained all the dealership's employees.
"We are very excited about Mike Shaw Subaru. It is a great store with a great team and a great brand, and Denver is a new market for us to develop and grow," said David Hult, president and CEO of Asbury Automotive Group. “We are proud to have Mike Shaw Subaru join our family of dealerships."