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Group 1 Automotive Buys RRR Automotive Group, Expanding Its US Portfolio In The Greater Baltimore/Washington DC Market; No Terms Disclosed

Author: Benzinga Newsdesk | February 12, 2024 06:28pm

The acquisition includes Toyota, Honda, Hyundai, and Kia new vehicle dealerships; one Toyota Certified pre-owned center; and three collision centers.  The group includes the two highest volume Honda dealerships in the state of Maryland.  The dealerships are expected to generate over $500 million in annual revenues. Consistent with its strategy to focus on larger, higher performing dealerships, the Company also disposed of 10 franchises and a collision center in Beaumont, Texas during the first quarter of 2024.

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