M&A Deal Summary

Group 1 Automotive Acquires Inchcape U.K. Dealerships

On April 15, 2024, Group 1 Automotive acquired automotive company Inchcape U.K. Dealerships from Inchcape for 439M USD

Acquisition Highlights
  • This is Group 1 Automotive’s 9th transaction in the Automotive sector.
  • This is Group 1 Automotive’s largest (disclosed) transaction.
  • This is Group 1 Automotive’s 7th transaction in the United Kingdom.

M&A Deal Summary
Date 2024-04-15
Target Inchcape U.K. Dealerships
Sector Automotive
Buyer(s) Group 1 Automotive
Sellers(s) Inchcape
Deal Type Divestiture
Deal Value 439M USD

Target

Inchcape U.K. Dealerships

London, United Kingdom
Inchcape U.K. Dealerships' portfolio includes Audi, BMW/MINI, Jaguar Land Rover, Lexus, Mercedes-Benz/smart, Porsche, Toyota, Volkswagen and Volkswagen Commercial Vehicles. Inchcape U.K. Dealerships are based in London, United Kingdom.

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Buyer(S) 1

Buyer

Group 1 Automotive

Houston, Texas, United States
Category Company
Founded 1995
Sector Automotive
Employees16,011
Revenue 17.9B USD (2023)
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 21 of 22
Sector (Automotive) 9 of 10
Type (Divestiture) 4 of 4
Country (United Kingdom) 7 of 8
Year (2024) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Soper of Lincoln BMW

Lincoln, United Kingdom

Soper of Lincoln BMW is an independent BMW retailer, aim to provide customers with the best of both worlds, a premium BMW experience in a warm and welcoming environment. Soper of Lincoln BMW is based in Lincoln, United Kingdom.

Buy -

Seller(S) 1

SELLER

Inchcape

London, United Kingdom
Category Company
Founded 1847
Sector Automotive
Employees14,610
Revenue 11.4B GBP (2023)
DESCRIPTION

Inchcape is an automotive distributor and retailer. Inchcape was founded in 1847 and is based in London, the United Kingdom.

DEAL STATS #
Overall 3 of 3
Sector (Automotive) 1 of 1
Type (Divestiture) 3 of 3
Country (United Kingdom) 3 of 3
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 Grupo Rudelman

San Jose, California, United States

Grupo Rudelman is an Automotive Distribution business in Central America focused on Suzuki. Grupo Rudelman, a family-run business, has grown into one of the leading and most successful automotive Distributors in Central America. The business has built and maintained strong market positions and scale as the Distributor and exclusive Retailer for Suzuki in both Costa Rica and Panama.

Buy $284M
Mergr

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