About Park Place Dealerships
Park Place Dealerships is a company based in Irving (United States) founded in 1987 was acquired by Asbury Automotive Group in August 2020.. Park Place Dealerships offers products and services including New Vehicles, Pre-Owned Vehicles, Service Center, and Parts and Accessories. Park Place Dealerships operates in a competitive market with competitors including Carvana, Porsche, Copart, Vroom and Cars.com, among others.
- Headquarter Irving, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$803.8 M (USD), Debt – Conventional
Aug 18, 2003
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Investors
Lexus
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Park Place Dealerships
Park Place Dealerships offers a comprehensive portfolio of products and services, including New Vehicles, Pre-Owned Vehicles, Service Center, and Parts and Accessories. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers new luxury cars for purchase through dealerships
Provides certified used luxury cars with warranties
Handles vehicle repairs and maintenance services
Supplies auto parts for various luxury brands
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Funding Insights of Park Place Dealerships
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $803.8M
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First Round
First Round
(18 Aug 2003)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2003 | Amount | Debt – Conventional - Park Place Dealerships | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Park Place Dealerships
Park Place Dealerships has secured backing from 2 investors. Prominent investors backing the company include Lexus and Asbury Automotive Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Luxury passenger cars are designed and distributed by Lexus.
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Founded Year | Domain | Location | |
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Car dealer and collision centres
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Park Place Dealerships
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Park Place Dealerships
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Park Place Dealerships Comparisons
Competitors of Park Place Dealerships
Park Place Dealerships operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carvana, Porsche, Copart, Vroom and Cars.com, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Pre-owned vehicles are sold online with financing and valuation services.
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| domain | founded_year | HQ Location |
Luxury sports cars are designed, manufactured, and distributed internationally.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Used cars are purchased and resold online through Vroom's platform.
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| domain | founded_year | HQ Location |
Used cars are listed and analyzed on an online platform.
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| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Park Place Dealerships
Frequently Asked Questions about Park Place Dealerships
When was Park Place Dealerships founded?
Park Place Dealerships was founded in 1987 and raised its 1st funding round 16 years after it was founded.
Where is Park Place Dealerships located?
Park Place Dealerships is headquartered in Irving, United States. It is registered at Irving, Texas, United States.
Who is the current CEO of Park Place Dealerships?
Hadeel Alkhaldi is the current CEO of Park Place Dealerships.
What does Park Place Dealerships do?
Park Place Dealerships was established in 1987 in Irving, United States, within the automotive sector. New and used vehicles are handled through sales and related services at multiple sites. The company is led by CEO Hadeel Alkhaldi, with involvement from Ken Schnitzer and Franklin McClarty in key roles. Operations remain centered on vehicle distribution and customer transactions in the domestic market.
Who are the top competitors of Park Place Dealerships?
What products or services does Park Place Dealerships offer?
Park Place Dealerships offers New Vehicles, Pre-Owned Vehicles, Service Center, and Parts and Accessories.
Who are Park Place Dealerships's investors?
Park Place Dealerships has 2 investors. Key investors include Lexus, and Asbury Automotive Group.