~$1.3BreportedStrategic acquisitionConsumer & RetailCompleted

Group 1 Automotive buys Atlanta's Hennessy luxury dealer group

Group 1 Automotive acquired Hennessy Automobile Companies' 10 Atlanta dealerships, including Lexus, Porsche and Jaguar Land Rover stores. Adviser Kerrigan Advisors called it the third-largest transaction in auto retail history; price wasn't disclosed.

Why it matters: One of Atlanta's largest family-owned luxury groups joins a Fortune 250 retailer with 250-plus US and UK dealerships.

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Acquirer: Group 1 Automotive, Inc. (GPI)
Target: Hennessy Automobile Companies
Deal value: ~$1.3B (reported)
Deal type: Strategic acquisition
Industry: Consumer & Retail
Status: Completed
Region: North America

The companies didn't announce a price. The figure above was reported by Automotive News.

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