Group 1 Automotive Inc. has announced the acquisition of three luxury brand dealerships, expanding its portfolio in Florida and Texas. The new acquisitions include a Lexus and an Acura dealership in Fort Myers, Florida, and a Mercedes-Benz dealership in South Austin, Texas. These additions are expected to generate $330 million in annual revenues and further strengthen Group 1's presence in key markets. With these acquisitions, Group 1 has now secured an estimated $430 million in annual revenues for 2025, building on the $3.9 billion of revenues acquired in 2024.
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