Group 1 Automotive has completed its acquisition of 10 dealerships and a collision centre from Hennessy Automobile Companies in greater Atlanta for about US$1.3bn, according to a filing on 21 October 2026.
Why Group 1 Automotive, Inc. is buying Hennessy Automobile Companies (10 dealerships and a collision centre)
The purchase deepens Group 1's presence in Atlanta, where its store count rises from three to 15.
Deal terms and financing
The roughly US$1.3bn price, which includes real estate, is subject to post-closing adjustment. Group 1 financed the deal with two US$625m senior note offerings and cash.
Regulatory approvals and timing
The acquisition closed on 19 October 2026, ahead of the year-end target set when it was agreed on 30 July.
Market context
Group 1 placed US$80m of the price in an indemnity escrow, according to Investing.com.
In the rankings
