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Group 1 Automotive Expands Brand Footprint in Houston Metro Market - Acquires Kia Dealership with Expected Annual Revenues of $85 Million

PR Newswire - Thu Jun 1, 2023

HOUSTON, June 1, 2023 /PRNewswire/ --Group 1 Automotive, Inc.(NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 206 dealerships located in the U.S. and U.K., today announced the acquisition of Beck & Masten Kia.  The dealership is located in the Houston metropolitan area and expands the Company's footprint to 15 brands and 18 dealerships in the Houston market.  The dealership is expected to generate $85 million in annual revenues, bringing year-to-date total acquired revenues for Group 1 to $1.0 billion.

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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