Group 1 Automotive Acquires RRR Automotive Group
February 12, 2024
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).
- Buyers
- Group 1 Automotive, Inc.
- Targets
- RRR Automotive Group
- Industry
- Automotive
- Location
- Maryland, United States
- Transaction Type
- Buyout
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