Group 1 automotive expands in texas - acquires three dealerships with expected annual revenues of $760 million

Houston , may 8, 2023 /prnewswire/ -- group 1 automotive, inc. (nyse: gpi) ("group 1" or the "company"), an international, fortune 300 automotive retailer with 206 dealerships located in the u.s. and u.k., today announced the expansion of its texas operations with the acquisition of three beck & masten buick-gmc dealerships.  two of the dealerships are located in the houston market and are among the highest volume dealerships in their brand in the u.s.  the third dealership is located in the corpus christi metro area and is the highest volume buick-gmc dealership in its market.
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