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
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