Auto Dealerships M&A » By The Online Investor Staff, updated Wed., Jun. 29, 8:29 AM
Recent mergers and acquisitions in the Auto Dealerships M&A category.
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Slide #13. Group 1 Automotive, Inc. — BMW, MINI and Cadillac Dealerships in Arlington, Texas
Acquirer:
Group 1 Automotive, Inc. (NYSE:GPI)
Acquiree:
BMW, MINI and Cadillac Dealerships in Arlington, Texas
Details:
Group 1 Automotive, Inc.(NYSE: GPI), an international, Fortune 500 automotive retailer, today announced the acquisition of Moritz BMW/MINI and Moritz Cadillac in Arlington, Texas, which is in the greater Dallas/Fort Worth metropolitan area. The dealerships, which will operate as BMW of Arlington, MINI of Arlington, and Cadillac of Arlington, are expected to generate $200 million in estimated annual revenues.
Group 1 Automotive is an operator in the automotive retail industry. Through its dealerships, Co. sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. Co. sells retail used vehicles directly to its customers at its dealerships or via its internet sites and wholesale used vehicles at third party auctions. Co. sells replacement parts and provides both warranty and non-warranty maintenance and repair services, as well as provides collision repair services at the collision centers that Co. operates. Co. also sell parts to wholesale customers.
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Avg. Broker Rec.
 
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Buy (3.12 out of 4) 24th percentile
(ranked lower than approx. 76% of all stocks covered)
Analysts' Target Price: GPI Stock Forecast Based on Zacks ABR data; powered by Xignite |
