Group 1 Automotive acquires 4 Mercedes-Benz dealerships in UK for $105M annual revenue

GROUP 1 AUTOMOTIVE INC

Acquired four Mercedes-Benz dealerships from L&L Automotive in Hertfordshire, north of London.
Dealerships expected to sell >2,800 new/used vehicles annually, generating $105M in annual revenues.
Year to date 2024, Group 1 has completed $1.1B of acquired revenues; pending Inchcape acquisition expected to bring total to ~$3.8B.
CEO Daryl Kenningham highlights expansion of relationship with Mercedes-Benz and positive growth action.

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