M&A Deal Summary

Key Auto Group Acquires Key Acura of Atlantic City

On April 13, 2023, Key Auto Group acquired automotive company Key Acura of Atlantic City from Group 1 Automotive

Acquisition Highlights
  • This is Key Auto Group’s 4th transaction in the Automotive sector.
  • This is Key Auto Group’s 4th transaction in the United States.
  • This is Key Auto Group’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2023-04-13
Target Key Acura of Atlantic City
Sector Automotive
Buyer(s) Key Auto Group
Sellers(s) Group 1 Automotive
Deal Type Divestiture

Target

Key Acura of Atlantic City

Egg Harbor Township, New Jersey, United States
Key Acura of Atlantic City provides an Acura dealership in Egg Harbor Township, New Jersey, and offers Acura sales, service, finance, leasing & online car buying.

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Buyer(S) 1

Buyer

Key Auto Group

Portsmouth, New Hampshire, United States

website

Category Company
Founded 1986
Sector Automotive
DESCRIPTION

Key Auto Group is an operator of the automotive dealership group. Key Auto Group has stores in New Hampshire, Maine and Vermont. You can find our locations in towns such as Portsmouth NH, Somersworth NH, Newington NH, Salem NH, Nashua NH, Lebanon NH, Rutland VT, and York ME. Key Auto Group was founded in 1986 and is based in Portsmouth, New Hampshire.

DEAL STATS #
Overall 4 of 4
Sector (Automotive) 4 of 4
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 4 of 4
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-15 Barber Auto Group

Exeter, Pennsylvania, United States

Barber Auto Group is a fourth-generation, family-owned and operated dealership group with a rich history. The group got its start in 1920 selling automobiles manufactured by Dort Motor Car Company and an early precursor to the Jeep, Willys Overland Cars. It has reinvented itself many times over the years and has sold and serviced new and used Ford vehicles in the Scranton/Wilkes-Barre area from its Exeter location since 1932. In 1999, the group expanded to a second location in Hazleton.

Buy -

Seller(S) 1

SELLER

Group 1 Automotive

Houston, Texas, United States

website

Category Company
Founded 1995
Sector Automotive
Employees12,337
Revenue 16.2B USD (2022)
DESCRIPTION

Group 1 Automotive is an international automotive dealer. Group 1 Automotive was founded in 1995 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Estero Bay Chevrolet

Estero, Florida, United States

Estero Bay Chevrolet is an omni-channel platform that sells new and used cars. Estero Bay Chevrolet was founded in 2003 and is based in Estero, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 RRR Automotive Group

College Park, Maryland, United States

RRR Automotive Group is a provider of car dealership and service center offering new and used vehicles. RRR Automotive Group was founded in 2000 and is based in College Park, Maryland.

Buy -
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