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Group 1 Automotive Acquires Chevrolet Dealership in Estero, Florida

PR Newswire - Tue Mar 28, 2023

- Expected to Generate $150 Million in Annual Revenues

- Share Repurchase Update Provided

HOUSTON, March 28, 2023 /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.S. operations with the acquisition of Estero Bay Chevrolet in Estero, Florida. The dealership is located near the fast growing city of Fort Myers in Southwest Florida. Estero Bay Chevrolet is the 5^th ranked Chevrolet dealership in new vehicle volume in the state of Florida. The dealership is expected to generate $150 million in annual revenues.

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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