HOUSTON, March 16, 2021 /PRNewswire/ -- Group 1
Automotive, Inc. (NYSE: GPI), ("Group 1" or the
"Company"), an international, Fortune 500 automotive retailer,
today announced the expansion of its business presence in the
Massachusetts market with the
acquisition of two Toyota dealerships. The dealerships are
located in Hyannis and
Orleans on Cape Cod. These
stores are expected to generate approximately $120 million in annualized revenues.
"We are excited to grow our scale in New England with two
additional stores and expand our long-standing partnership with
Toyota," said Earl J. Hesterberg,
Group 1's president and chief executive officer.
The acquisition of these stores brings Group 1's total U.S.
Toyota dealership count to fifteen and increases the total
representation in New England to ten dealerships, which includes
the Audi, BMW, Lexus, Subaru, and Toyota brands.
ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns
and operates 184 automotive dealerships, 237 franchises, and
49 collision centers in the United States, the United
Kingdom and Brazil that offer 31 brands of
automobiles. Through its dealerships, the Company sells new and
used cars and light trucks; arranges related vehicle financing;
sells service contracts; provides automotive maintenance and repair
services; and sells vehicle parts.
Investors please visit www.group1corp.com,
www.group1auto.com, www.group1collision.com,
www.acceleride.com, www.facebook.com/group1auto, and
www.twitter.com/group1auto, where Group 1 discloses
additional information about the Company, its business, and its
results of operations.
Investor contacts:
Sheila
Roth
Manager, Investor Relations
Group 1 Automotive, Inc.
713-647-5741 | sroth@group1auto.com
Media contacts:
Pete
DeLongchamps
Senior Vice President, Manufacturer Relations, Financial Services
and Public Affairs
Group 1 Automotive, Inc.
713-647-5770 | pdelongchamps@group1auto.com
or
Clint Woods
Pierpont Communications, Inc.
713-627-2223 | cwoods@piercom.com
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SOURCE Group 1 Automotive, Inc.