Group 1 closes $1.3B Hennessy deal for 10 Atlanta dealerships, one collision center

GROUP 1 AUTOMOTIVE INC

Completed the Hennessy Acquisition on Oct. 19, 2026, adding 10 automobile dealerships and one collision center in the greater Atlanta, Georgia market.
Aggregate consideration was about $1.3 billion, subject to customary post-closing adjustments including an operating asset purchase price true-up within 90 days.
Funded with net proceeds from $625 million of 6.250% senior notes due 2032 and $625 million of 6.625% senior notes due 2035, together with cash on hand.
$80.0 million of the purchase price was deposited into an indemnity escrow; 25% releases after three months, 25% after nine months and the remainder after 18 months.
Blue Sky value in the operations purchase price was $1.08 billion; the deal also includes related dealership real estate and leasehold interests.

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