Group 1 Automotive, Inc. (NYSE: GPI), a prominent international automotive retailer and Fortune 500 company, has announced a strategic acquisition that further strengthens its presence in the vibrant San Antonio metropolitan market. The company has successfully acquired a Mercedes-Benz dealership situated in Boerne, Texas, a move poised to significantly enhance its luxury vehicle offerings in the region.
This newly acquired dealership, which will operate under the name Mercedes-Benz of Boerne, is projected to generate an impressive $135 million in annual revenue. Notably, the acquisition also encompasses a Mercedes-Benz Sprinter commercial vehicle franchise, expanding the product range and catering to a broader customer base in and around San Antonio. This development underscores Group 1 Automotive’s commitment to growth and its strategic focus on key markets.
Earl J. Hesterberg, President and CEO of Group 1 Automotive, expressed enthusiasm about this expansion, stating, “We are delighted to strengthen our relationship with Mercedes-Benz and further expand our scale in the San Antonio metropolitan market.” This acquisition not only reinforces the partnership between Group 1 Automotive and Mercedes-Benz but also signifies a deepening investment in the San Antonio automotive landscape. For customers seeking a premier Mercedes-Benz experience, Mercedes-Benz of San Antonio, now bolstered by the Boerne location, offers an even greater selection and service network.
Group 1 Automotive’s portfolio now includes 154 automotive dealerships, representing 197 franchises, and supported by 38 collision centers across the United States, the United Kingdom, and Brazil. These dealerships showcase 34 diverse automobile brands, providing customers with an extensive array of choices, from luxury vehicles to commercial solutions. The company’s comprehensive services extend beyond sales to encompass financing, insurance contracts, maintenance, repair services, and genuine vehicle parts. This integrated approach ensures a seamless and customer-centric experience.
For those interested in learning more about Group 1 Automotive and its expanding network, detailed information is readily available on their website at www.group1auto.com. This acquisition of Mercedes-Benz of Boerne represents a significant step in Group 1 Automotive’s ongoing growth strategy and its dedication to serving the San Antonio market with premium automotive solutions. Mercedes-Benz enthusiasts in San Antonio can anticipate an even stronger and more accessible Mercedes-Benz presence thanks to this strategic expansion.
Alt text for the image: Exterior view of Mercedes-Benz of Boerne dealership building showcasing luxury vehicles and the brand’s iconic star logo, representing Mercedes-Benz of San Antonio’s expanded presence in the region.
