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ABKO Properties

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38:. Koch Industries is ranked 2 among the Forbes list of largest private companies. Chrysler Realty Corporation purchases, leases or options dealership facilities and then leases or subleases these facilities to Chrysler dealers. The name ABKO was derived from the first two letters of Ablah's name and the first two letters of Charles Koch's name, who is head of Koch Industries. At the time ABKO was formed, Chrysler was on the verge of bankruptcy. 53:
Under the leadership of Ablah and his team, Chrysler Realty president Ed Homer (for a brief time), executive vice president Corliss (Corky) Nelson of Koch, acquisition/disposition specialists Wayne Delfino and Frank Mills, and attorney John Schippel, among others, ABKO set forth a strategy to
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In 1983, Iacocca, assisted by a government bailout he organized, repurchased 446 of the dealerships in a measure aimed at strengthening the Chrysler dealer network. ABKO dissolved shortly thereafter.
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sites around the country controlled by Iacocca in 1979 for slightly over $ 100 million in cash. Not all the sites were owned by Chrysler Realty.
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diversify Chrysler Realty Corporation by way of liquidating non-performing Chrysler dealership properties by tax-free exchange and sale.
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formed specifically to purchase Chrysler Realty Corporation in the late 1970s from a hard-pressed
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Index

joint venture
Wichita, Kansas
real estate
Koch Industries
Lee Iacocca
automotive dealership
"Chrysler's Realty Sale May Be Overly Touted"
"EXECUTIVES"
v
t
e
Koch Industries
Georgia-Pacific
Infor
CERTPOINT Systems
Geac Computer Corporation
D&B Software
GT Nexus
TradeCard
MAPICS
SSA Global Technologies
Baan Corporation
Epiphany, Inc.
Invista
Cordura
Dacron
ABKO Properties
Guardian Industries
Flint Hills Resources
KochPAC

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