M&A Deal Summary

Group 1 Automotive Acquires Kia of South Austin

On May 19, 2014, Group 1 Automotive acquired retailer Kia of South Austin

Acquisition Highlights
  • This is Group 1 Automotive’s 5th transaction in the Retail sector.
  • This is Group 1 Automotive’s 6th transaction in the United States.
  • This is Group 1 Automotive’s 4th transaction in Texas.

M&A Deal Summary

Date 2014-05-19
Target Kia of South Austin
Sector Retail
Buyer(s) Group 1 Automotive
Deal Type Add-on Acquisition

Target

Kia of South Austin

Austin,, Texas, United States
Kia of South Austin operates a dealership that sells new and used cars in Texas. It offers spare parts and accessories; finance services; and schedule services that include battery, diagnostic, tire, brake repairs, and oil change services.

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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 7 of 22
Sector (Retail) 5 of 12
Type (Add-on Acquisition) 7 of 18
State (Texas) 4 of 8
Country (United States) 6 of 14
Year (2014) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 Mercedes-Benz of Clear Lake

League City, Texas, United States

Mercedes-Benz of Clear Lake operates as a dealer of new and used Mercedes-Benz vehicles. It also offers OEM parts and accessories, as well as service, repair, and maintenance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-18 Spring Automotive Partners I

Houston, Texas, United States

Spring Automotive Partners I Ltd is a provider of new and used cars and sport utility vehicles, parts and accessories, and maintenance and repair services.

Buy -