Group 1 Automotive Acquires Three Luxury Brand Dealerships in Florida and Texas
May 19, 2025
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.
- Buyers
- Group 1 Automotive, Inc.
- Targets
- Lexus dealership (Fort Myers, Florida), Acura dealership (Fort Myers, Florida), Mercedes‑Benz of South Austin (Austin, Texas)
- Industry
- Automotive
- Location
- United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
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 Modern Classic Motors
March 11, 2024
Automotive
Group 1 Automotive, a Houston-based public automotive retailer, acquired Modern Classic Motors in Hilton Head, South Carolina, adding three franchises (Mercedes‑Benz, Sprinter and Honda) expected to generate $140 million in annual revenues. The deal expands Group 1's Mercedes‑Benz and Honda footprint and adds scale to its Hilton Head operations.
-
Krause Auto Group Acquires Three Florida Dealerships from Sutherlin Automotive
August 5, 2024
Automotive
Krause Auto Group of Alpharetta, Georgia purchased three Southwest Florida dealerships from Sutherlin Automotive Group for more than $110 million in an acquisition that includes Sutherlin Nissan of Fort Myers, Sutherlin Nissan of Cape Coral and Sutherlin Genesis in Fort Myers. The stores will be rebranded as Nissan of Cape Coral, Nissan of Fort Myers and Fort Myers Genesis; Krause plans renovations and service expansion at the Fort Myers Nissan location. Pinnacle Mergers & Acquisitions represented the seller in the transaction.
-
AutoNation Acquires Mercedes-Benz of Chicago and Fletcher Jones Audi from Fletcher Jones Automotive Group
September 15, 2025
Automotive
AutoNation, Inc. acquired Mercedes-Benz of Chicago and Fletcher Jones Audi (including related real estate) from Fletcher Jones Automotive Group, closing on Sept. 15. The purchase expands AutoNation's metro Chicago footprint to nine dealerships (including three Mercedes-Benz and two Audi locations); The Presidio Group served as exclusive advisor to AutoNation.
-
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.
-
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).
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.