Group 1 Automotive, Inc. acquired RRR Automotive Group.
February 12, 2024
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Group 1 Automotive, Inc. (NYSE:GPI) acquired RRR Automotive Group on February 12, 2024. The acquisition includes Toyota, Honda, Hyundai, and Kia new vehicle dealerships; one Toyota Certified pre-owned center; and three collision centers. Brian Nolen of Nolen, PLLC
acted as legal advisor to Group 1 Automotive, Inc. (NYSE:GPI). Steven H. Schram of Shapiro, Lifschitz & Schram, Pc acted as legal advisor and Kerrigan Advisors, Inc. acted to as financial advisor to RRR Automotive Group.
Group 1 Automotive, Inc. (NYSE:GPI) completed the acquisition of RRR Automotive Group on February 12, 2024.
Group 1 Automotive, Inc. is an international automotive retailer. The Company operates through two segments: the U.S. and the U.K. Through its dealerships and omnichannel 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 retail and wholesale. The Company owns and operates approximately 202 automotive dealerships, 265 franchises, and 43 collision centers in the United States and the United Kingdom that offer 35 brands of automobiles. It sells retail used vehicles directly to its customers at its dealerships and via AcceleRide, and wholesale used vehicles at third party auctions. Its operations are primarily located in areas, including Texas, Massachusetts, Oklahoma, California, Georgia, New Mexico, Maine, New Jersey, New Hampshire, Florida, South Carolina, Louisiana, Kansas, New York, Alabama, Maryland, and Mississippi.