Group 1 Automotive, Inc. (NYSE:GPI), the automotive retailer with 205 dealerships located in the U.S. and U.K., today announced the expansion of its U.K. operations with the acquisition of a BMW/MINI dealership and a collision repair center in the town of Southend located east of London in the county of Essex. The location is contiguous with several other existing automotive dealerships currently owned and operated by Group 1 Automotive in the U.K and increases the Company’s U.K. operations to 56 dealerships (79 franchises). This acquisition is expected to generate $80 million in annual revenues, bringing year-to-date total acquired revenues for
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.