GPI - Group 1 Automotive acquires 3 dealerships in Louisiana

• Group 1 Automotive ( NYSE: GPI ) said Monday it acquired 3 dealerships and a collision center in Shreveport, Louisiana.
• The dealerships were acquired from Holmes European Motors, and include Mercedes-Benz, Sprinter, Land Rover, Jaguar and Volvo franchises.
• The dealerships are expected to generate $110M in annual revenues, bringing GPI's total acquired revenues YTD to $660M.
• The acquisition adds to GPI's existing Shreveport portfolio of 2 franchises, representing Ford and Lincoln brands.
• GPI alo sold 2 franchises during Q2 that generated $75M in annual revenues - a Hyundai franchise in Houston, Texas and a Volkswagen franchise in Boston, Massachusetts.

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