Group 1 Automotive to acquire Hennessy Automobile Companies for ~$1.3B, adding 10 dealerships in Atlanta

GROUP 1 AUTOMOTIVE INC

Purchase price ~$1.3B inclusive of blue sky, real estate, and operating assets; expected to add ~$1.7B in annualized revenue.
Acquisition includes 10 dealerships with luxury/import brands (Lexus, Jaguar/Land Rover, Porsche) and 500 service bays.
Expands Group 1's Atlanta presence from 3 to 15 dealerships, making Atlanta its second-largest market by revenue.
Transaction expected to close by year-end 2026, subject to regulatory and OEM approvals; immediately accretive to EPS.
Financed with new debt backstopped by a $1.25B bridge commitment from JPMorgan.

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