and Brazilian Operations for Group 1 Automotive. The addition of Prime Automotive enables us to extend our reach of AcceleRide ®, Group 1's industry leading digital retailing process, to even more customers," said Daryl Kenningham, President of U.S. We are also proud to welcome Prime Automotive's 1,800 employees as new teammates to the Group 1 family. "We know Prime's markets well and the opportunities they represent. Once the acquisition is completed, Group 1's consolidated brand mix is expected to be approximately 43% luxury, 36% non-luxury import, and 21% non-luxury domestic. With 30 dealership locations and three collision centers in the Mid-Atlantic and New England markets, Prime's brand portfolio includes Acura, Airstream, Audi, BMW, Buick, Chrysler, Dodge, Ford, GMC, Honda, Jeep, Land Rover, Mazda, Mercedes-Benz, MINI, Porsche, RAM, Subaru, Toyota, Volkswagen, and Volvo. Hesterberg, Group 1's President and Chief Executive Officer. We are pleased to have this opportunity to leverage our existing cost structure and to further diversify our U.S. "Group 1 has successfully operated in the Northeastern U.S. In 2020, the corresponding Prime dealerships generated $1.8 billion in annual revenues and retailed over 52,000 new and used vehicles. (NYSE: GPI), ("Group 1" or the "Company" or the "Buyer"), an international, Fortune 500 automotive retailer with 188 dealerships located in the U.S., U.K., and Brazil, today announced it has entered into a definitive agreement to purchase substantially all the assets, including real estate, of Prime Automotive Group (the "Seller"), headquartered in Westwood, Massachusetts. 13, 2021 /PRNewswire/ - Group 1 Automotive, Inc. Note: We do not offer technical support for developing or debugging scripted downloading processes.HOUSTON, Sept. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov.
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