Group 1 Automotive completes $1.3 billion acquisition of Hennessy dealership assets
GPI•Group 1 Automotive completed its approximately $1.3 billion acquisition of Hennessy dealership assets on October 19, subject to customary post-closing adjustments. The deal includes 10 dealerships, one collision center and related real estate and leasehold interests in greater Atlanta.
1. Acquisition completed
Group 1 Automotive completed the acquisition on October 19, 2026, subject to customary post-closing adjustments. The acquired assets include 10 automobile dealerships and one collision center in greater Atlanta, as well as related real estate and leasehold interests.
2. Indemnity escrow
An $80 million indemnity escrow secures Hennessy's post-closing obligations, with staged releases over 18 months subject to pending claims.
