Group 1 Automotive Acquires Kia Dealership In Kansas
HOUSTON--Jan. 2, 2013: Group 1 Automotive, Inc. , a Fortune 500 automotive retailer, today announced the acquisition of Shawnee Mission Kia in Overland Park, Kan., that is expected to generate $65.0 million in estimated annual revenues.
"Group 1 is pleased to add scale to our Kansas City operations and further expand our brand offerings," said Earl J. Hesterberg, Group 1's president and chief executive officer. "Shawnee Mission Kia will complement Group 1's existing BMW, MINI and Hyundai dealerships in the Kansas City metropolitan area."
Group 1 noted that in 2012 the company acquired 16 franchises with estimated annual revenues of $715.0 million and disposed of six franchises with trailing-12-month revenues of $127.9 million.
About Group 1 Automotive, Inc.
Group 1 owns and operates 121 automotive dealerships, 157 franchises, and 31 collision centers in the United States and the United Kingdom that offer 31 brands of automobiles. Through its dealerships, the company sells new and used cars and light trucks; arranges related vehicle financing, service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts.
Group 1 Automotive can be reached on the Internet at Group 1 Auto.