M&A Deal Summary

Group 1 Automotive Acquires RRR Automotive Group

On February 12, 2024, Group 1 Automotive acquired automotive company RRR Automotive Group

Acquisition Highlights
  • This is Group 1 Automotive’s 8th transaction in the Automotive sector.
  • This is Group 1 Automotive’s 14th transaction in the United States.
  • This is Group 1 Automotive’s 1st transaction in Maryland.

M&A Deal Summary
Date 2024-02-12
Target RRR Automotive Group
Sector Automotive
Buyer(s) Group 1 Automotive
Deal Type Add-on Acquisition

Target

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.

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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 20 of 22
Sector (Automotive) 8 of 10
Type (Add-on Acquisition) 17 of 18
State (Maryland) 1 of 1
Country (United States) 14 of 14
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-13 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-15 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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