Group 1 Automotive Acquires BMW/MINI Franchises in Southend
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 to generate £70 million ($80 million) in annual revenue.
- 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).
- Group 1's U.K.
- Group 1 owns and operates 205 automotive dealerships, 275 franchises, and 48 collision centers in the United States and the United Kingdom that offer 35 brands of automobiles.
- 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 , www.facebook.com/group1auto , and www.twitter.com/group1auto .