Group 1 Automotive Acquires Modern Classic Motors

Group 1 Automotive Acquires Two Denton, Texas Dealerships

October 4, 2021

Automotive

Group 1 Automotive, Inc. announced the acquisition of Classic Chrysler Dodge Jeep Ram of Denton and Classic Mazda of Denton, expanding its presence in the Dallas–Fort Worth market. The two stores are expected to generate approximately $150 million in annualized revenues and increase Group 1's footprint in the region.

Group 1 Automotive Acquires Three Luxury Brand Dealerships in Florida and Texas

May 19, 2025

Automotive

Group 1 Automotive, Inc. acquired three luxury-brand dealerships — a Lexus and an Acura dealership in Fort Myers, Florida, and Mercedes‑Benz of South Austin in Texas — expanding its footprint in key cluster markets. The three dealerships are expected to generate approximately $330 million in combined annual revenues and will complement Group 1's existing luxury portfolio.

Group 1 Automotive Acquires RRR Automotive Group

February 12, 2024

Automotive

Group 1 Automotive, a Houston-based Fortune 300 automotive retailer, has acquired RRR Automotive Group, expanding its U.S. footprint in the greater Baltimore/Washington, D.C. market. The deal includes Toyota, Honda, Hyundai and Kia new-vehicle dealerships, a Toyota certified pre-owned center and three collision centers (expected to generate over $500 million in annual revenues).

McGovern Automotive Group Acquires Mercedes-Benz of Little Silver

September 18, 2024

Automotive

McGovern Automotive Group has acquired Mercedes-Benz of Little Silver (formerly Contemporary Motor Cars Mercedes-Benz), marking MAG's 31st dealership and its first location in New Jersey. The previous owners, Allan Sockol and Scott Coleman, will retain an ownership stake and remain involved while MAG expands the dealership's staff and operations under its leadership.

Group 1 Automotive Acquires Estero Bay Chevrolet

April 3, 2023

Automotive

Group 1 Automotive has acquired Estero Bay Chevrolet, the top-volume Chevrolet dealership in Southwest Florida. Kerrigan Advisors represented the Winton and Denson families in the transaction as the sellers; the deal expands Group 1's footprint in a high-growth Florida market.

Team Automotive Group Acquires Addy's Harbor Dodge Ram Fiat

February 13, 2023

Automotive

Team Automotive Group, a Charlotte-based automotive dealer group, has acquired Addy's Harbor Dodge Ram Fiat in Myrtle Beach, South Carolina — the group's seventh dealership and its first location in South Carolina. The seller was Mike Addy; the acquisition expands Team Automotive Group's footprint across the Carolinas as part of its growth plan.