Acquiring Company
Group 1 Automotive
Acquired Company
Hennessy Automobile Companies
HoustonAtlantaManufacturingCommerce and ShoppingTransportationRetailAutomotiveMotor Vehicle ManufacturingRetail Motor VehiclesAutomotiveDescription
Group 1 Automotive has signed a definitive agreement to acquire Hennessy Automobile Companies, expanding its Atlanta presence significantly. The acquisition includes 10 dealerships and is valued at approximately $1.3 billion, expected to add around $1.7 billion in annualized revenues. This move will make Atlanta the company's second largest market based on revenue and is anticipated to close by year-end 2026.
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Based on deal dataFrequently asked
Who acquired Hennessy Automobile Companies?
Hennessy Automobile Companies was acquired by Group 1 Automotive, based in Houston. The deal was reported on July 30, 2026. Group 1 owns and operates 188 automotive dealerships, 242 franchises, and 48 collision centers in the United States, the United Kingdom and Brazil that offer 32 brands of automobiles. Group 1 Automotive is publicly traded (GPI) and operates in Manufacturing.
When did Group 1 Automotive acquire Hennessy Automobile Companies?
Group 1 Automotive's acquisition of Hennessy Automobile Companies was reported on July 30, 2026. Group 1 Automotive has signed a definitive agreement to acquire Hennessy Automobile Companies, expanding its Atlanta presence significantly. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Hennessy Automobile Companies do?
Hennessy Automobile Companies is a family-owned dealership group that has been serving the Atlanta area since 1964. It operates multiple stores representing various automotive brands and prides itself on exceptional customer service. It is privately held, operating in Automotive, and is based in Atlanta.
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