tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Group 1 Automotive acquires Mercedes-Benz of Buckhead dealership

Group 1 Automotive (GPI) announced the addition of Mercedes-Benz of Buckhead to its luxury brand portfolio. This high performing dealership, located in Atlanta, Georgia, expands the Company’s footprint in the Southeastern U.S. to 29 dealerships. Mercedes-Benz of Buckhead is expected to generate $210M in annual revenues. Group 1 owns 33 Mercedes-Benz dealerships in the U.S. and the U.K. “We are pleased to expand our long-standing partnership with Mercedes-Benz and grow our presence in the Atlanta market,” said Group 1 President and CEO Daryl Kenningham. “This acquisition aligns with our strategy of investing in high-performing dealerships, and we are proud to welcome our new team members to the Group 1 family.” Group 1 has now acquired an estimated $640M of annual revenues in 2025, which follows $3.9B of acquired revenues in 2024.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1