{"id":458883,"date":"2021-03-16T10:54:36","date_gmt":"2021-03-16T14:54:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458883"},"modified":"2021-03-16T10:54:36","modified_gmt":"2021-03-16T14:54:36","slug":"group-1-automotive-acquires-two-toyota-dealerships-in-massachusetts","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/group-1-automotive-acquires-two-toyota-dealerships-in-massachusetts\/","title":{"rendered":"Group 1 Automotive Acquires Two Toyota Dealerships in Massachusetts"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n HOUSTON<\/span>, March 16, 2021<\/span> \/PRNewswire\/ — Group 1 Automotive, Inc.<\/u>\u00a0(NYSE: GPI), <\/b>(“Group 1” or the “Company”),\u00a0an international, Fortune 500 automotive retailer, today announced the expansion of its business presence in the Massachusetts<\/span> market with the acquisition of two Toyota dealerships. \u00a0The dealerships are located in Hyannis<\/span> and Orleans<\/span> on Cape Cod.\u00a0 These stores are expected to generate approximately $120 million<\/span> in annualized revenues.<\/p>\n

“We are excited to grow our scale in New England with two additional stores and expand our long-standing partnership with Toyota,” said Earl J. Hesterberg<\/span>, Group 1’s president and chief executive officer.<\/p>\n

The acquisition of these stores brings Group 1’s total U.S. Toyota dealership count to fifteen and increases the total representation in New England to ten dealerships, which includes the Audi, BMW, Lexus, Subaru, and Toyota brands.<\/p>\n

\n
\n
\n ABOUT GROUP 1 AUTOMOTIVE, INC.
<\/u>
\n <\/i>
\n <\/b>
\n Group 1 owns and operates 184 automotive dealerships<\/a>, 237 franchises, and 49\u00a0collision centers<\/a>\u00a0in\u00a0the United States<\/span>, the\u00a0United Kingdom\u00a0and\u00a0Brazil\u00a0that offer 31 brands of automobiles. Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.<\/i>\n <\/p>\n

\n Investors please visit www.group1corp.com<\/a><\/i>
\n , www.group1auto.com<\/a><\/i>
\n , www.group1collision.com<\/a><\/i>
\n , www.acceleride.com<\/a>, www.facebook.com\/group1auto<\/a><\/i>
\n , and www.twitter.com\/group1auto<\/a><\/i>
\n , where Group 1 discloses additional information about the Company, its business, and its results of operations.<\/i>\n <\/p>\n

\n Investor contacts:
<\/b>
\n Sheila Roth<\/span>
\n
Manager, Investor Relations
Group 1 Automotive, Inc.
713-647-5741 | sroth@group1auto.com<\/a><\/p>\n

\n Media contacts:
<\/b>
\n Pete DeLongchamps<\/span>
\n
Senior Vice President, Manufacturer Relations, Financial Services and Public Affairs
Group 1 Automotive, Inc.
713-647-5770 | pdelongchamps@group1auto.com<\/a>\u00a0\u00a0
or
Clint Woods<\/span>
Pierpont Communications, Inc.
713-627-2223 | cwoods@piercom.com<\/a><\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/group-1-automotive-acquires-two-toyota-dealerships-in-massachusetts-301248504.html<\/a><\/p>\n

SOURCE Group 1 Automotive, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire HOUSTON, March 16, 2021 \/PRNewswire\/ — Group 1 Automotive, Inc.\u00a0(NYSE: GPI), (“Group 1” or the “Company”),\u00a0an international, Fortune 500 automotive retailer, today announced the expansion of its business presence in the Massachusetts market with the acquisition of two Toyota dealerships. \u00a0The dealerships are located in Hyannis and Orleans on Cape Cod.\u00a0 These stores are expected to generate approximately $120 million in annualized revenues. “We are excited to grow our scale in New England with two additional stores and expand our long-standing partnership with Toyota,” said Earl J. Hesterberg, Group 1’s president and chief executive officer. The acquisition of these stores brings Group 1’s total U.S. Toyota dealership count to fifteen and increases the total representation in New England … <\/p>\n

Continue reading “Group 1 Automotive Acquires Two Toyota Dealerships in Massachusetts”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-458883","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGroup 1 Automotive Acquires Two Toyota Dealerships in Massachusetts - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/group-1-automotive-acquires-two-toyota-dealerships-in-massachusetts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Group 1 Automotive Acquires Two Toyota Dealerships in Massachusetts - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HOUSTON, March 16, 2021 \/PRNewswire\/ — Group 1 Automotive, Inc.\u00a0(NYSE: GPI), (“Group 1” or the “Company”),\u00a0an international, Fortune 500 automotive retailer, today announced the expansion of its business presence in the Massachusetts market with the acquisition of two Toyota dealerships. \u00a0The dealerships are located in Hyannis and Orleans on Cape Cod.\u00a0 These stores are expected to generate approximately $120 million in annualized revenues. “We are excited to grow our scale in New England with two additional stores and expand our long-standing partnership with Toyota,” said Earl J. Hesterberg, Group 1’s president and chief executive officer. 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