M&A Deal Summary

Group 1 Automotive Acquires Prime Automotive

On September 13, 2021, Group 1 Automotive acquired automotive company Prime Automotive

Acquisition Highlights
  • This is Group 1 Automotive’s 5th transaction in the Automotive sector.
  • This is Group 1 Automotive’s 11th transaction in the United States.
  • This is Group 1 Automotive’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-09-13
Target Prime Automotive
Sector Automotive
Buyer(s) Group 1 Automotive
Deal Type Add-on Acquisition

Target

Prime Automotive

Westwood, Massachusetts, United States
Prime Automotive is a family-operated auto business in New England, operating 35 auto dealerships across Massachusetts, New Hampshire, Vermont, and Maine. Prime Automotive was founded in 2006 and is based in Westwood, Massachusetts.

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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 17 of 22
Sector (Automotive) 5 of 10
Type (Add-on Acquisition) 14 of 18
State (Massachusetts) 1 of 1
Country (United States) 11 of 14
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 Beadles Group

Kent, United Kingdom

Beadles Group Ltd. is an automotive retailer, which consists of seven brands across 12 dealerships in the southeastern portion of the greater London metropolitan market. The seven brands include Jaguar, Land Rover, Volkswagen, Skoda, Toyota, Vauxhall, and Kia. Beadles Group Ltd. was established in 1893 and is headquartered in Kent, UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Larry H. Miller Toyota

Albuquerque, New Mexico, United States

Larry H. Miller Toyota is an automotive dealer. Larry H. Miller Toyota is based in Larry H. Miller Toyota, New Mexico.

Buy -
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