Business
Group 1 Automotive Acquires High Volume Luxury Brand Dealership
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.
About this update from Mercedes-benz Group Ag
[{"type":"list","items":[{"val":[{"type":"text","content":"Expected to Generate $210 Million in Annual Revenues","length":52,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":52,"olType":false},{"type":"text","content":"HOUSTON, 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.","length":461,"tagName":"p"},{"type":"text","content":"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.","length":155,"tagName":"p"},{"type":"text","content":""We are pleased to expand our long-standing partnership with Mercedes-Benz and grow our presence in the Atlanta market," said Group 1 President and CEO Daryl Kenningham. "This acquisition aligns with our strategy of investing in high-performing dealerships, and we are proud to welcome our new team members to the Group 1 family."","length":356,"tagName":"p"},{"type":"text","content":"Group 1 has now acquired an estimated $640 million of annual revenues in 2025, which follows $3.9 billion of acquired revenues in 2024.","length":135,"tagName":"p"},{"type":"text","content":"ABOUT GROUP 1 AUTOMOTIVE, INC.","length":30,"tagName":"p"},{"type":"text","content":"Group 1 owns and operates 259 automotive dealerships, 324 franchises, and 39 collision centers in the United States and the United Kingdom that offer 36 brands of automobiles. Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts.","length":444,"tagName":"p"},{"type":"text","content":"Group 1 discloses additional information about the Company, its business, and its results of operations at www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, and www.facebook.com/group1auto.","length":224,"tagName":...