Acquiring Company
Group 1 Automotive
Acquired Company
Hennessy Automobile Companies
HoustonAtlantaManufacturingCommerce and ShoppingTransportationRetailAutomotiveMotor Vehicle ManufacturingRetail Motor VehiclesAutomotiveDescription
Group 1 Automotive announced the acquisition of certain dealership assets and real estate from Hennessy Automobile Companies. The purchase will be funded through a newly announced $1.25 billion senior notes offering. The closing of the acquisition is expected to occur after the notes offering. If not consummated by January 6, 2027, the company faces certain redemption conditions.
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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 September 8, 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 September 8, 2026. Group 1 Automotive announced the acquisition of certain dealership assets and real estate from Hennessy Automobile Companies. The purchase will be funded through a newly announced $1.25 billion senior notes offering. 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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