Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 500 automotive retail leader, has broadened its footprint in the robust San Antonio, Texas market with the acquisition of a Mercedes-Benz dealership. This strategic move, announced on August 19, 2014, introduces Mercedes-Benz of Boerne to the Group 1 Automotive family, further solidifying their commitment to the luxury automotive sector in the region, specifically near Mercedes Benz Of San Antonio San Antonio Tx.
The newly acquired dealership, located in Boerne, Texas, is projected to generate an impressive $135 million in annual revenue. This acquisition also encompasses a valuable Mercedes-Benz Sprinter commercial vehicle franchise, diversifying the offerings and catering to a wider range of customer needs within the Mercedes Benz of San Antonio San Antonio TX area and beyond.
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 underscores Group 1 Automotive’s strategic focus on growing within key metropolitan areas and enhancing their brand portfolio with premier brands like Mercedes-Benz, serving the Mercedes Benz of San Antonio San Antonio TX customer base.
Group 1 Automotive: A Leader in Automotive Retail
Group 1 Automotive operates a substantial network of 154 automotive dealerships, representing 197 franchises and supported by 38 collision centers across the United States, the United Kingdom, and Brazil. Their diverse portfolio includes 34 automobile brands, offering a wide selection of new and used cars and light trucks. Beyond sales, Group 1 Automotive provides comprehensive automotive solutions, including vehicle financing arrangements, service and insurance contracts, expert maintenance and repair services, and genuine vehicle parts sales. This acquisition of Mercedes Benz of San Antonio San Antonio TX (operating as Mercedes-Benz of Boerne) further strengthens their service offerings in the region.
With this acquisition, Group 1 Automotive reinforces its position as a leading international automotive retailer, dedicated to providing exceptional vehicles and services. The addition of Mercedes-Benz of Boerne is a testament to their growth strategy and commitment to the San Antonio market, promising enhanced choices and service for customers seeking Mercedes Benz of San Antonio San Antonio TX vehicles and services.
For more information about Group 1 Automotive and its extensive operations, please visit www.group1auto.com.
