Group 1 Acquires BMW/Mini Dealerships In UK
Group 1 Automotive has acquired two BMW/Mini dealerships in the Southeast region of England, which is expected to more than double the size of the company's UK operations.
The four franchises are expected to generate around $161.5m in an estimated annual revenues and will complement the company's three existing BMW/Mini dealerships in Hailsham, Brighton and Worthing.
The company said that the dealerships, Barons Farnborough and Barons Hindhead, are located around 25 miles southwest of London in the wealthy commuter belt of Surrey and Hampshire and are contiguous to Group 1's existing dealerships.
Earl Hesterberg, president and CEO of Group 1, said: “The Barons BMW/Mini dealerships are located in the same region as our existing dealerships and, with a strong regional management team already in place, the addition of these stores is an important step in expanding our UK footprint, which will now represent approximately five percent of Group 1's total sales.”
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