Hill Ward Henderson advised Group 1 Automotive, Inc. (NYSE: GPI) in its entry into a definitive agreement to acquire the dealership assets and real estate of Hennessy Automobile Companies in the Atlanta market. The transaction will significantly expand the company's presence in one of the nation's largest automotive retail markets.
The transaction includes 10 dealerships, a brand portfolio that contains key luxury and import brands, including Lexus, Jaguar/Land Rover and Porsche, and facilities containing 500 service bays. The transaction, anticipated to close by year-end, is valued at approximately $1.3 billion and is expected to generate approximately $1.7 billion in annualized revenue.
The Hill Ward Henderson team included shareholders Kevin H. Sutton and Daniel E. Johns, senior counsel Chris W. Bonser, and associate Gabby M. Lozano (corporate); shareholders Jill K. Bell, Scott W. Dibbs, and S. Katherine Frazier (real estate); and shareholder Kirsten L. Vignec (executive and employee benefits).
To read the company press release from Group 1 Automotive, please visit: Group 1 Agrees to Acquire Hennessy Automobile Dealerships in the Atlanta Market to Advance Proven Cluster Strategy.