Printed: Oct. 4, 2021 at 3:07 PM CDT

HOUSTON, Oct. 4, 2021 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Firm” or the “Purchaser”), a world, Fortune 500 automotive retailer with 190 dealerships positioned within the U.S., U.Ok., and Brazil, immediately introduced the acquisition of Traditional Chrysler Dodge Jeep Ram of Denton and Traditional Mazda of Denton inside the better Dallas-Fort Price metro space of Texas.  These two shops are anticipated to generate roughly $150 million in annualized revenues.

“We’re excited to broaden our presence within the fast-growing Dallas-Fort Price metro market with these robust manufacturers,” stated Daryl Kenningham, President of U.S. and Brazilian Operations for Group 1 Automotive.

Group 1 presently operates 10 dealerships representing 10 manufacturers within the Dallas-Fort Price market.

12 months thus far 2021, Group 1 has accomplished $570 million of acquired revenues.  The acquisition of those two shops brings Group 1’s complete U.S. dealership depend to 119.  With the Firm’s beforehand introduced pending acquisition of Prime Automotive Group anticipated to shut in late November 2021, the Firm’s complete acquired revenues are anticipated to be at the very least $2.4 billion on the anticipated deadline, and Group 1’s complete dealership depend would improve to 220 areas globally, which would come with 149 U.S. areas.

ABOUT GROUP 1 AUTOMOTIVE, INC.

Group 1 owns and operates 190 automotive dealerships, 247 franchises, and 48 collision facilities in the United States, the United Kingdom and Brazil that supply 33 manufacturers of cars. By way of its dealerships, the Firm sells new and used vehicles and lightweight vehicles; arranges associated automobile financing; sells service contracts; offers automotive upkeep and restore providers; and sells automobile components.

Buyers please go to www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, www.fb.com/group1auto, and www.twitter.com/group1auto, the place Group 1 discloses further details about the Firm, its enterprise, and its outcomes of operations.

FORWARD-LOOKING STATEMENTS

To the extent that statements on this press launch should not recitations of historic truth, such statements represent “forward-looking statements” as such time period is outlined within the Personal Securities Litigation Reform Act of 1995. The forward-looking statements on this press launch might embody statements regarding targets, plans and expectations relating to the anticipated advantages of the proposed transaction, administration plans, targets for future operations, scale and efficiency, integration plans and anticipated synergies therefrom, the timing of completion of the proposed transaction, our monetary place, outcomes of operations, market place, enterprise technique and expectations of our administration with respect to, amongst different issues: adjustments usually financial and enterprise circumstances, together with the impression of COVID-19 on the automotive business usually, the automotive retail business specifically and our prospects, suppliers, distributors and enterprise companions; {our relationships} with automobile producers; working money flows and availability of capital; capital expenditures; the quantity of our indebtedness; the completion of pending and future acquisitions and divestitures; future return targets; common financial developments, together with client confidence ranges, rates of interest and gas costs; and automotive retail business developments.

The next are some however not the entire components that might trigger precise outcomes or occasions to vary materially from these anticipated, together with: the incidence of any occasion, change or different circumstances that might give rise to the termination of the acquisition settlement; the danger that the mandatory regulatory or third-party approvals might not be obtained or could also be obtained topic to circumstances that aren’t anticipated; the danger that the proposed transaction is not going to be consummated in a well timed method; dangers that any of the closing circumstances to the proposed acquisition might not be glad or might not be glad in a well timed method; dangers associated to disruption of administration time from ongoing enterprise operations as a result of proposed acquisition; failure to appreciate the advantages anticipated from the proposed acquisition; failure to promptly and successfully combine the acquisition; the impact of the announcement of the proposed acquisition on their working outcomes and companies and on the flexibility of Group 1 and Prime Automotive Group to retain and rent key personnel, preserve relationships with suppliers; our means to execute our enterprise technique; the annual price of recent automobile gross sales within the U.S.; our means to generate enough money flows; our means to enhance our liquidity place; market components and the long run financial setting, together with client confidence, rates of interest, the value of oil and gasoline, the extent of producer incentives and the provision of client credit score; the status and monetary situation of car producers whose manufacturers we signify and {our relationships} with such producers, and their means to design, manufacture, ship and market their autos efficiently; important disruptions within the manufacturing and supply of autos and components for any cause, together with pure disasters, affecting the producers whose model we promote; our means to enter into, preserve or renew our framework and dealership agreements on favorable phrases; the shortcoming of our dealership operations to carry out at anticipated ranges or obtain anticipated return targets; our means to efficiently combine latest and future acquisitions; adjustments in, failure or incapability to adjust to, legal guidelines and rules governing the operation of vehicle franchises, accounting requirements, the setting and taxation necessities; our means to leverage positive factors from our dealership portfolio; excessive ranges of competitors within the automotive retailing business which can create pricing pressures on the services we provide; our means to execute our capital expenditure plans; our means to adjust to our debt or lease covenants and acquire waivers for the covenants as crucial; and any unfavorable end result from any future litigation. These dangers, uncertainties and different components are disclosed in Group 1’s Annual Report on Type 10-Ok, subsequent quarterly reviews on Type 10-Q and different periodic and present reviews filed with the Securities and Alternate Fee sometimes.

These forward-looking statements and such dangers, uncertainties and different components converse solely as of the date of this press launch. We expressly disclaim any obligation or enterprise to disseminate any updates or revisions to any forward-looking assertion contained herein, whether or not because of new info, future occasions or in any other case.

Investor contacts:
Sheila Roth
Supervisor, Investor Relations
Group 1 Automotive, Inc.
713-647-5741 | [email protected]

Media contacts:
Pete DeLongchamps
Senior Vice President, Producer Relations, Monetary Companies and Public Affairs
Group 1 Automotive, Inc.
713-647-5770 | [email protected]
or
Clint Woods
Pierpont Communications, Inc.
713-627-2223 | [email protected]

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SOURCE Group 1 Automotive, Inc.

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