Group 1 Automotive acquires Prime Automotive Group Dealerships
Sep. 13, 2021 7:21 AM ETGroup 1 Automotive, Inc. (GPI)By: SA News Team
- Group 1 Automotive (NYSE:GPI) inks an agreement to buy substantially all the assets, including real estate, of Prime Automotive Group, headquartered in Westwood, Massachusetts.
- Year to date 2021, Group 1 has completed $420 million of acquired revenues. Total revenues from the acquisition are expected to be at least $2.25 billion at the anticipated closing date in late November.
- With the addition of the Prime dealerships, Group 1's total U.S. dealership count would increase to 147, including 46 locations in the Northeast and 218 locations globally.