GPI - Mergers and acquisitions

Expected to Generate $210 Million in Annual RevenuesHOUSTON, Aug. 4, 2025 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 259 dealerships located in the U.S. and U.K., today announced the addition of Mercedes-Benz of Buckhead to its luxury brand portfolio.  This high performing dealership, located in Atlanta, Georgia, expands the Company's footprint in the Southeastern U.S. to 29 dealerships. Mercedes-Benz of Buckhead is expected to generate $210 million in annual revenues.  Group 1 owns 33 Mercedes-Benz dealerships in the U.S. and the U.K. "We are pleased to expand our long-standing partnership with Mercedes-Benz and

2024 YTD Acquired Revenues total $3.9 BillionHOUSTON, Oct. 1, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a  Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced the expansion of its U.K. operations with the acquisition of Soper of Lincoln BMW/MINI located north of London in the county of Lincolnshire.  This acquisition is expected to generate approximately $125 million in annual revenues.   Group 1's Chief Executive Officer Daryl Kenningham stated, "We want to welcome our new teammates from Soper of Lincoln to the Group 1 family and are delighted to expand our operations with these great brands.  Our s

Expected to Generate $140 Million in Annual Revenues2024 Year-To-Date Acquired Annual Revenues of $1.0 BillionHOUSTON, March 11, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced the acquisition of Modern Classic Motors in Hilton Head, South Carolina.  The acquisition includes three franchises: Mercedes-Benz, Sprinter and Honda in Beaufort County, one of the fastest-growing counties in South Carolina.  The acquisition expands Group 1's relationship with Mercedes-Benz to 17 franchises in the U.S. and U.K. and with Honda to 13 franchises in the U.S.  The dea

Expected Annual Revenues of $350 MillionThe Company Also Provides a Share Repurchase UpdateHOUSTON, Feb. 26, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international Fortune 300 automotive retailer with 200 dealerships located in the U.S. and U.K., today announced the acquisition of Newport Lexus and Tustin Lexus, two high performing Lexus dealerships in Orange County, California.  The dealerships are expected to generate $350 million in annual revenues bringing 2024 year-to-date total acquired revenues for Group 1 to $850 million, which follows $1.1 billion of acquired revenues in 2023. The Company also updated its year-to-date share repurchas

-          Expected Annual Revenues of $500 Million -          Increases 2024 Annual Dividend Rate by 4% HOUSTON, Feb. 12, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international Fortune 300 automotive retailer with 198 dealerships located in the U.S. and U.K., today announced the expansion of its U.S. portfolio in the greater Baltimore/Washington DC market, the sixth largest metropolitan area in the United States.  The acquisition includes Toyota, Honda, Hyundai, and Kia new vehicle dealerships; one Toyota Certified pre-owned center; and three collision centers.  The group includes the two highest volume Honda dealerships in the state of Maryl

HOUSTON, June 1, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 206 dealerships located in the U.S. and U.K., today announced the acquisition of Beck & Masten Kia.  The dealership is located in the Houston metropolitan area and expands the Company's footprint to 15 brands and 18 dealerships in the Houston market.  The dealership is expected to generate $85 million in annual revenues, bringing year-to-date total acquired revenues for Group 1 to $1.0 billion. Group 1's President and CEO Daryl Kenningham stated, "We want to welcome our new teammates from Beck & Masten Kia to the Group 1 family.  Kia i

HOUSTON, May 8, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 206 dealerships located in the U.S. and U.K., today announced the expansion of its Texas operations with the acquisition of three Beck & Masten Buick-GMC dealerships.  Two of the dealerships are located in the Houston market and are among the highest volume dealerships in their brand in the U.S.  The third dealership is located in the Corpus Christi metro area and is the highest volume Buick-GMC dealership in its market.  The acquisition adds to the Company's strong portfolio of 15 dealerships in the Houston market and 55 dealerships in

-  Expected to Generate $150 Million in Annual Revenues -  Share Repurchase Update Provided HOUSTON, March 28, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 205 dealerships located in the U.S. and U.K., today announced the expansion of its U.S. operations with the acquisition of Estero Bay Chevrolet in Estero, Florida.  The dealership is located near the fast growing city of Fort Myers in Southwest Florida.  Estero Bay Chevrolet is the 5th ranked Chevrolet dealership in new vehicle volume in the state of Florida.  The dealership is expected to generate $150 million in annual revenues. The Company

-    Expected to Generate $200 Million in Annual Revenues HOUSTON, Dec. 1, 2022 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 204 dealerships located in the U.S. and U.K., today announced the expansion of its U.S. operations with the acquisition of Mercedes-Benz and Sprinter franchises in Anaheim, California.  This acquisition expands Group 1's global relationship with Mercedes-Benz to 17 dealerships in the U.S. and U.K.   Group 1's Chief Executive Officer Earl Hesterberg stated, "We want to welcome the team at Mercedes-Benz of Anaheim to the Group 1 family and are extremely pleased to expand our exis

-    Brings Acquired Revenues to $740 Million YTD HOUSTON, Sept. 6, 2022 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international, Fortune 300 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 center in the town of Southend located east of London in the county of Essex.  This 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

HOUSTON, July 11, 2022 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 204 dealerships located in the U.S. and U.K., today 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 adds to the Company's existing Shreveport portfolio of two franchises which represent the Ford and Lincoln brands. The dealerships are expected to generate $110 million in annual revenues,

-  Provides Share Repurchase Update HOUSTON, April 4, 2022 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced the acquisition of Larry H. Miller Toyota in Albuquerque, New Mexico. The dealership, which will be renamed Sandia Toyota, adds to the Company's existing New Mexico portfolio of 8 franchises which represents the Lexus, BMW, MINI, Land Rover, and Jaguar brands.  The dealership is expected to generate $115 million in annual revenues, bringing year-to-date total acquired revenues for Group 1 to $550 million.  This dealership represents the 1

HOUSTON, March 7, 2022 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 201 dealerships located in the U.S. and U.K., today announced the acquisition of Charles Maund Toyota in Austin, Texas. The dealership, which will be renamed Toyota of North Austin, is ranked in the top 20 nationally in Toyota new vehicle volume, and adds to the Company's strong portfolio of 13 franchises in the fast-growing Central Texas market area consisting of Austin and San Antonio.  This dealership is expected to generate $435 million in annual revenues and represents the 16th Toyota store in the Company's U.S. portfolio. "We ar

HOUSTON, Oct. 18, 2021 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI), ("Group 1" or the "Company" or the "Buyer"), an international, Fortune 500 automotive retailer with 191 dealerships located in the U.S., U.K., and Brazil, today announced the acquisition of Capital City Honda in Sacramento, California, which is expected to generate approximately $85 million in annualized revenues. "We're extremely pleased to welcome the team at Capital City Honda to the Group 1 family.  We're looking forward to expanding our relationship with Honda and the local community in Sacramento," said Daryl Kenningham, President of U.S. and Brazilian Operations for Group 1 Automotive. Year to date 2021, Group

HOUSTON, July 6, 2021 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, 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, Peterborough, Lowestoft and Ipswich.  The dealerships are being acquired from the Robinsons Motor Group, which previously sold five Mercedes dealerships to the Company in 2018. The total annual revenue expected from this acquis

HOUSTON, March 16, 2021 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today announced the expansion of its business presence in the Massachusetts market with the acquisition of two Toyota dealerships.  The dealerships are located in Hyannis and Orleans on Cape Cod.  These stores are expected to generate approximately $120 million in annualized revenues. "We are excited to grow our scale in New England with two additional stores and expand our long-standing partnership with Toyota," said Earl J. Hesterberg, Group 1's president and chief executive officer. The acquisition of these stores brings Group 1's t