Group 1 Automotive Expands Luxury Portfolio with New Dealership Acquisitions in Florida and Texas

Reuters

05-20

Group 1 Automotive Expands Luxury Portfolio with New Dealership Acquisitions in Florida and Texas

Group 1 Automotive Inc. has announced the acquisition of three luxury brand dealerships, expanding its portfolio in Florida and Texas. The new acquisitions include a Lexus and an Acura dealership in Fort Myers, Florida, and a Mercedes-Benz dealership in South Austin, Texas. These additions are expected to generate $330 million in annual revenues and further strengthen Group 1's presence in key markets. With these acquisitions, Group 1 has now secured an estimated $430 million in annual revenues for 2025, building on the $3.9 billion of revenues acquired in 2024.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Group 1 Automotive Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DA91003) on May 19, 2025, and is solely responsible for the information contained therein.

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