Acquiring Company
Group 1 Automotive
Acquired Company
Longo Toyota
HoustonEl MonteManufacturingCommerce and ShoppingTransportationRetailAutomotiveMotor Vehicle ManufacturingRetail Motor VehiclesRetailDescription
Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 201 dealerships located in the U.S. and U.K., today announced the acquisition of Charles Maund Toyota in Austin, Texas. The dealership, which will be renamed Toyota of North Austin, is ranked in the top 20 nationally in Toyota new vehicle volume, and adds to the Company's strong portfolio of 13 franchises in the fast-growing Central Texas market area consisting of Austin and San Antonio. This dealership is expected to generate $435 million in annual revenues and represents the 16th Toyota store in the Company's U.S. portfolio.
Quick answer
Group 1 Automotive is acquiring Longo Toyota, announced March 7, 2022. Group 1 Automotive is based in Houston, Texas, United States.
- How much did Group 1 Automotive pay for Longo Toyota?
- The deal value was not disclosed.
- What does Group 1 Automotive do?
- 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.
- Where are Group 1 Automotive and Longo Toyota based?
- Group 1 Automotive is based in Houston, Texas, United States. Longo Toyota is based in El Monte, California, United States.
- Who are the decision-makers at Group 1 Automotive?
- Fundz holds 1 contact at Group 1 Automotive. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Related People
Frequently asked
Who acquired Longo Toyota?
Longo Toyota was acquired by Group 1 Automotive, based in Houston. The deal was reported on March 7, 2022. 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 Longo Toyota?
Group 1 Automotive's acquisition of Longo Toyota was reported on March 7, 2022. Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 201 dealerships located in the U.S. and U.K., today announced the acquisition of Charles Maund Toyota in Austin, Texas. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Longo Toyota do?
Longo Toyota, founded in 1967, is the largest retailer of Toyota vehicles in the world and the #1 volume Toyota dealership in the U.S. Committed to building lifetime relationships with its guests, Longo delivers a world-class experience at every transaction. It is privately held, operating in Retail, and is based in El Monte.
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