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Group 1 Automotive(GPI-N)
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Group 1 Automotive Acquires BMW/MINI Franchises in the U.K.

PR Newswire - Tue Sep 6, 2022

-    Brings Acquired Revenues to $740 Million YTD

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 $80 million in annual revenues, bringing year-to-date total acquired revenues for Group 1 to $740 million.  

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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