Group 1 Automotive

Group 1 Automotive Expands Brand Footprint in Houston Metro Market - Acquires Kia Dealership with Expected Annual Revenues of $85 Million

Retrieved on: 
Thursday, June 1, 2023
Beck, Kia, Ford, Acquisition, NYSE, Group 1 Automotive, Fortune 500, Group 1, Car dealership, Video game

The dealership is located in the Houston metropolitan area and expands the Company's footprint to 15 brands and 18 dealerships in the Houston market.

Key Points: 
  • The dealership is located in the Houston metropolitan area and expands the Company's footprint to 15 brands and 18 dealerships in the Houston market.
  • The dealership is expected to generate $85 million in annual revenues, bringing year-to-date total acquired revenues for Group 1 to $1.0 billion.
  • Group 1's President and CEO Daryl Kenningham stated, "We want to welcome our new teammates from Beck & Masten Kia to the Group 1 family.
  • During the second quarter, the Company disposed of a Ford franchise in New Orleans, Louisiana that generated $60 million in annual revenues.

Group 1 Automotive Appoints New Chairman of the Board and Declares Quarterly Dividend

Retrieved on: 
Wednesday, May 17, 2023
Policy, Audit committee, Accounting, GPI, Group 1 Automotive, Commercial Metals Company, NYSE, Fortune 500, Management

Mr. Szews has served as a director of the Company since 2016, and currently serves on the Board of Directors, the Audit Committee, and chairs the Finance/Risk Management Committee.

Key Points: 
  • Mr. Szews has served as a director of the Company since 2016, and currently serves on the Board of Directors, the Audit Committee, and chairs the Finance/Risk Management Committee.
  • In addition, Mr. Szews serves on the Nominating and Corporate Governance Committee and chairs the Audit Committee for Commercial Metals Company.
  • Mr. Quinn has been a director of the Company since 2002 and will continue to serve on the Board and each of its committees.
  • The transition is the result of the board's governance policy to rotate the non-executive chairman.

Kerrigan Advisors Represents Beck & Masten Auto Group in Sale of Three High Volume Buick GMC Dealerships to Group 1 Automotive

Retrieved on: 
Friday, May 12, 2023
Professional Services, Business, Automotive, Other Professional Services, Other Automotive, Small Business, Finance, Beck, Pontiac, GMC, Group 1 Automotive, Dealer, Kerrigan, Buick, Quality of life, 186th, Sale, GPI, 185th, Blue Sky, 184th, Family, NYSE, Population growth, General Motors, Car dealership, Financial services

Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Houston, Texas-based Beck & Masten Auto Group in the sale of Beck & Masten Buick GMC North, Buick GMC South and Buick GMC Coastal Bend to Houston, Texas-based Group 1 Automotive (NYSE: GPI).

Key Points: 
  • Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Houston, Texas-based Beck & Masten Auto Group in the sale of Beck & Masten Buick GMC North, Buick GMC South and Buick GMC Coastal Bend to Houston, Texas-based Group 1 Automotive (NYSE: GPI).
  • The dealership was eventually relocated to Houston and is now called Beck & Masten Buick GMC North.
  • The success of Beck & Masten Buick GMC North brought about Beck & Masten Buick GMC South in 2000, which also grew into one of the top-performing domestic dealerships in Houston and Texas.
  • Notably, Beck & Masten’s three Buick GMC dealerships have an 8% market share for Buick GMC sales in Texas.

Group 1 Automotive Selects Acxiom to Lead Enterprise-wide Customer Data Platform

Retrieved on: 
Monday, May 1, 2023
Data Management, Security, Automotive, General Automotive, Technology, Other Technology, Real, CDP, Insurance, Heart, Group 1 Automotive, Group 1, Online shopping, Acxiom

Acxiom ®, the customer intelligence company, today announced that one of the largest automotive groups in the United States, Group 1 Automotive (Group 1), has engaged Acxiom to implement a customer data platform (CDP) powered with its Real Identity™ solution across Group 1’s network of new and used vehicle dealerships.

Key Points: 
  • Acxiom ®, the customer intelligence company, today announced that one of the largest automotive groups in the United States, Group 1 Automotive (Group 1), has engaged Acxiom to implement a customer data platform (CDP) powered with its Real Identity™ solution across Group 1’s network of new and used vehicle dealerships.
  • This privacy-first platform reconciles data from diverse touchpoints into a single customer view, empowering Group 1 with the insight needed to deliver tailored experiences for each of its customers throughout the stages of vehicle ownership.
  • Today's automotive customer journey is scattered across multiple interactions, including online research, dealerships websites, in-person showroom visits, and digital apps, all of which creates siloes of disconnected data.
  • "Our solution presents Group 1 Automotive with the clearest possible understanding of who their customer is, so they can deliver the right message at the best time," says John Campos, automotive industry managing director at Acxiom.

Kerrigan Advisors Represents Estero Bay Chevrolet in Sale to Group 1 Automotive

Retrieved on: 
Monday, April 3, 2023
Finance, Consulting, Professional Services, General Automotive, Automotive, Learning, GMC, Human, Cars.com, Group 1 Automotive, Kelley Blue Book, Wine, Kerrigan, Education, Professional, Tax, Carfax, Trustee, Holland & Knight, Sale, SWFL, GPI, University Foundation, Student, Charles, Cape Coral, Florida, GM, MSA, CPA, Health, Blue Sky, Growth, Florida Gulf Coast University, Charitable organization, NYSE, General Motors, Population growth, Car dealership, Financial services, Estero Bay

Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented the Winton and Denson families in the sale of Estero Bay Chevrolet to Group 1 Automotive (NYSE: GPI).

Key Points: 
  • Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented the Winton and Denson families in the sale of Estero Bay Chevrolet to Group 1 Automotive (NYSE: GPI).
  • Estero Bay Chevrolet is the top volume Chevrolet dealership in Southwest Florida, Florida’s second fastest growing region by population growth.
  • In addition to being the dominant Chevrolet dealership in Southwest Florida, Estero Bay Chevrolet ranks sixth in the state and 44th in the nation (top 1.5%) by Chevrolet new unit sales.
  • “The Estero Bay Chevrolet transaction follows a volume trend we began to track in our Third Quarter 2022 Blue Sky Report®,” said Ryan Kerrigan, Managing Director of Kerrigan Advisors.

Group 1 Automotive Schedules Release of First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, April 11, 2023
Internet, NYSE, Group 1 Automotive, Fortune 500

HOUSTON, April 11, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 204 dealerships located in the U.S. and U.K., today announced that it will release financial results for the first quarter ended March 31, 2023 on Wednesday, April 26, 2023, before the market opens.

Key Points: 
  • HOUSTON, April 11, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 204 dealerships located in the U.S. and U.K., today announced that it will release financial results for the first quarter ended March 31, 2023 on Wednesday, April 26, 2023, before the market opens.
  • Daryl Kenningham, Group 1's president and chief executive officer, and the Company's senior management team will host a conference call to discuss the results later that morning at 10:00 a.m.
  • A copy of the Company's presentation will also be made available at http://www.group1corp.com/company-presentations .
  • The conference call will also be available live by dialing in 10 minutes prior to the start of the call at:

Group 1 Automotive Acquires Chevrolet Dealership in Estero, Florida

Retrieved on: 
Tuesday, March 28, 2023
GPI, Estero Bay, Acquisition, NYSE, Chevrolet, Group 1 Automotive, Fortune 500, Group 1, Car dealership

HOUSTON, March 28, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 205 dealerships located in the U.S. and U.K., today announced the expansion of its U.S. operations with the acquisition of Estero Bay Chevrolet in Estero, Florida.  The dealership is located near the fast growing city of Fort Myers in Southwest Florida.  Estero Bay Chevrolet is the 5th ranked Chevrolet dealership in new vehicle volume in the state of Florida.  The dealership is expected to generate $150 million in annual revenues.

Key Points: 
  • HOUSTON, March 28, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 205 dealerships located in the U.S. and U.K., today announced the expansion of its U.S. operations with the acquisition of Estero Bay Chevrolet in Estero, Florida.
  • The dealership is located near the fast growing city of Fort Myers in Southwest Florida.
  • Estero Bay Chevrolet is the 5th ranked Chevrolet dealership in new vehicle volume in the state of Florida.
  • Group 1's President and CEO Daryl Kenningham stated, "We want to welcome the team at Estero Bay Chevrolet to the Group 1 family and are pleased to further expand our brand footprint and scale in Florida.

Group 1 Automotive Announces Appointment of Vice President of Corporate Development

Retrieved on: 
Wednesday, March 1, 2023
Stifel, Albertine, Group 1, Corporation, Harvard University, NYSE, Research, Group 1 Automotive, Corporate development, Management

HOUSTON, March 1, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international Fortune 300 automotive retailer with 204 dealerships located in the U.S. and U.K., announced today that Jamie Albertine has joined the Company as its Vice President of Corporate Development.

Key Points: 
  • HOUSTON, March 1, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international Fortune 300 automotive retailer with 204 dealerships located in the U.S. and U.K., announced today that Jamie Albertine has joined the Company as its Vice President of Corporate Development.
  • Albertine joins Group 1 with over 20 years' experience in the automotive and financial services industries.
  • Most recently, he served as Vice President, Strategic Initiatives and Corporate Development at MileOne Auto Group.
  • He is a proven corporate development leader, and his experience and background will be instrumental in driving our strategic growth," said Daryl Kenningham, Group 1's President and CEO.

Glancy Prongay & Murray LLP Announces Investigation of Group 1 Automotive, Inc. (GPI)

Retrieved on: 
Wednesday, February 1, 2023
Class Action Lawsuit, Professional Services, Legal, Park Avenue, Helmsley Building, GPM, Suite, GPI, Group 1 Automotive, NYSE

Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Group 1 Automotive, Inc. (NYSE: GPI) concerning the Company and its directors’ and officers’ possible violations of state laws.

Key Points: 
  • Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Group 1 Automotive, Inc. (NYSE: GPI) concerning the Company and its directors’ and officers’ possible violations of state laws.
  • If you inquire by email please include your mailing address, telephone number, and the number of shares purchased and held.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20230201005686/en/

Group 1 Automotive Announces Additions of Chief Legal Officer and Chief Marketing Officer

Retrieved on: 
Tuesday, January 17, 2023
Burman, Retirement, Corporation, University, Group 1 Automotive, General counsel, Harvard University, Senior, NYSE, Nike, Marketing, Research, Vinson & Elkins, GPI, Acquisition, Group 1, Management

Since 2006, Burman has been responsible for all domestic and international legal matters at Group 1, following a distinguished 23-year corporate and securities legal career in Houston.

Key Points: 
  • Since 2006, Burman has been responsible for all domestic and international legal matters at Group 1, following a distinguished 23-year corporate and securities legal career in Houston.
  • As the first Chief Marketing Officer at Group 1, Barta is responsible for leading the strategy, development, and execution of Group 1's marketing, communications, and advertising initiatives.
  • She will also lead Group 1's efforts in increasing awareness and adoption of AcceleRide®, Group 1's customer experience platform.
  • Darryl was instrumental in supporting much of Group 1's expansion during that time and we wish him the best in his retirement."