Group 1 Automotive, Inc. (NYSE: GPI) announced an agreement to acquire the U.K. automotive retailing business and related owned real estate from a subsidiary of Inchcape plc for approximately $439 million (£346 million) in an all-cash transaction, inclusive of $279 million (£220 million) of appraised real estate value. In 2023, the Inchcape U.K. dealerships generated […]
Group 1 Automotive Acquires RRR Automotive Group
Transaction includes three collision repair centers. Group 1 Automotive, Inc. (NYSE: GPI) the automotive retailer with 198 dealerships located in the U.S. and U.K., today announced the acquisition of the RRR Automotive Group, adding to its U.S. portfolio in the greater Baltimore/Washington DC market, the sixth largest metropolitan area in the United States. The acquisition […]
Group 1 Acquires BMW/MINI Dealership and Collision Repair Center in the UK
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 […]
Daryl Kenningham to Become CEO of Group 1 Automotive in January
Earl Hesterberg to retire at year end. Group 1 Automotive, Inc. (NYSE:GPI) the automotive retailer with 204 dealerships and 47 collision centers in the United States and the United Kingdom, today announced that Earl J. Hesterberg, President and Chief Executive Officer will retire as CEO and from the Board of Directors, effective December 31, 2022. […]
Group 1 Automotive Acquires Three Dealerships and Collision Repair Center in Louisiana
Group 1 Automotive, Inc. (NYSE:GPI) with 204 dealerships located in the U.S. and U.K., announced the expansion of its U.S. operations with the acquisition of three dealerships and a collision center in Shreveport, Louisiana. The dealerships were acquired from Holmes European Motors, L.L.C., and include Mercedes-Benz, Sprinter, Land Rover, Jaguar and Volvo franchises. This acquisition […]
Group 1 Automotive Disposes of Brazil Operations
Group 1 Automotive, Inc. (NYSE: GPI), the automotive retailer with 201 dealerships and 46 collision centers located in the U.S. and U.K., announced that it has closed on the disposition of its Brazil operations. The company announced that its wholly-owned subsidiary GPI SA, LLC closed the sale transaction under the Share Purchase Agreement with Original […]
Group 1 Automotive Acquires Toyota Dealership in Austin, Texas
Group 1 Automotive, Inc. (NYSE:GPI) announced the acquisition of Charles Maund Toyota in Austin, Texas. Charles Maund Toyota operated a Toyota Certified Collision Center. Group 1 now has 201 dealerships located in the U.S. and U.K. with 267 franchises and 46 collision repair centers. The dealership, which will be renamed Toyota of North Austin, is […]
Group 1 Automotive Acquires Prime Automotive Group Dealerships
Transaction includes 30 dealership locations and three collision repair centers in the Northeast. Group 1 Automotive, Inc. (NYSE: GPI), the automotive retailer with 188 dealerships located in the U.S., U.K., and Brazil, today announced an agreement to purchase substantially all the assets, including real estate, of Prime Automotive Group, headquartered in Westwood, Mass. In 2020, […]
Group 1 Automotive Acquires Nine Franchises in the U.K.
Group 1 Automotive, Inc. (NYSE: GPI) today announced the expansion of its U.K. operations with the acquisition of nine businesses northeast of London, primarily in the region of East Anglia. These operations represent the family of brands offered by the Volkswagen Group, along with one Citroen dealership with major locations in the cities of Norwich, […]
Group 1 Automotive Acquires Two BMW/MINI Dealerships in New Mexico
Group 1 Automotive, Inc. (NYSE:GPI) announced the acquisition of two BMW/MINI dealerships. The dealerships are located in Albuquerque and Santa Fe, and represent the only BMW and MINI franchises in the state of New Mexico. Also included in the acquisition are BMW Motorrad franchises in Albuquerque and Santa Fe, making Group 1 the exclusive seller […]