Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer with 191 dealerships located in the U.S., U.K., and Brazil, today announced the acquisition of Capital City Honda in Sacramento, California, which is expected to generate approximately $85 million in annualized revenues.
“We’re extremely pleased to welcome the team at Capital City Honda to the Group 1 family. We’re looking forward to expanding our relationship with Honda and the local community in Sacramento,” said Daryl Kenningham, President of U.S. and Brazilian Operations for Group 1 Automotive.
Year to date 2021, Group 1 has completed $655 million of acquired revenues. The acquisition of this store brings Group 1’s total U.S. dealership count to 120. With the Company’s previously announced pending acquisition of Prime Automotive Group expected to close in November 2021, the Company’s total acquired revenues are expected to be approximately $2.5 billion at the anticipated closing date, and Group 1’s total dealership count would increase to 221 locations globally, which would include 150 U.S. locations.
ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns and operates 191 automotive dealerships, 248 franchises, and 49 collision centers in the United States, the United Kingdom and Brazil that offer 33 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.
