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Veeam, the World’s #1 Leader in Data Resilience, Welcomes New Investors with a $15 Billion Valuation

Insight Partners owned Veeam expands investor base in a $2 billion secondary equity offering led by TPG with participation from Temasek, Neuberger Berman Capital Solutions, and others December 04, 2024 09:05 AM Eastern Standard Time…

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Park Place Dealerships, a part of Asbury Automotive Group has successfully completed the purchase of 15 acres of land in Dallas Texas from Raytheon on December 4th 2024. Known for its best-in-class client service, Park Place is expected to develop a state-of-the-art Porsche dealership on the newly purchased property, providing its clients with the luxury experience synonymous with Park Place and Porsche. Demolition is expected to begin early 2025, with construction scheduled to conclude Q2 2027. In addition to the state-of-the-art Porsche dealership, this land purchase paves the way for Park Place to build a state-of-the-art Volvo service center beside the current Park Place Volvo dealership at the corner of Lemmon Avenue and Inwood Road. This update is expected to bring cutting-edge technology and a seamless experience to Volvo clients, offering a combined showroom and service experience conveniently on one property.

In a statement Tony Carimi Area Vice President of Park Place Dealerships said, “Dallas has a deep appreciation for luxury vehicles, and at Park Place, we are dedicated to delivering an exceptional luxury experience to our clients." "For 37 years, Park Place has earned its reputation for offering a truly one-of-a-kind client experience, attracting customers from across the nation. This prime location, just steps from our current dealerships and minutes from Love Field, ensures Porsche and Volvo enthusiasts will have access to the very best these brands have to offer.”

Park Place Dealerships was founded in 1987 and has been engaged in the community through its support of the arts, medical research, children’s advocacy, and education. Park Place employs more than 1,400 members and operates nine full-service dealerships representing luxury brands including Lexus, Mercedes-Benz, Porsche, Volvo, Acura, and Land Rover. Park Place BodyWerks Collision Centers in Dallas, Fort Worth, and Plano, and the Park Place Auto Auction, round out the company’s offerings. Park Place was acquired in 2020 by Asbury Automotive Group, Inc., a Fortune 500 company headquartered in Duluth, GA.

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