PR Newswire·Jul 30, 2026, 5:01 AM ET

Group 1 Agrees to Acquire Hennessy Automobile Dealerships in the Atlanta Market to Advance Proven Cluster Strategy

Group 1 Automotive signed a definitive agreement to acquire the dealership assets & real estate of Hennessy Automobile Companies to expand its presence in the Atlanta market.
The transaction includes 10 dealerships featuring luxury & import brands such as Lexus, Jaguar/Land Rover, & Porsche, with 500 service bays & 280 technicians.
The acquisition is expected to generate approximately $1.7 billion in annualized revenues & be immediately accretive to earnings per share upon closing.
The total value of the Hennessy acquisition is approximately $1.3 billion, inclusive of blue sky, real estate, & operating assets.
Group 1 plans to finance the transaction with new debt backed by a bridge commitment.
The deal will expand Group 1's Atlanta footprint from 3 to 15 dealerships, making the city its second-largest U.S. market by revenue.
The transaction is expected to close by year-end 2026, subject to regulatory & OEM approvals.
Atlanta is identified as the fastest-growing MSA & the largest luxury vehicle market in the Southeast with a 21% luxury vehicle market share.
J.P. Morgan Securities LLC serves as exclusive financial advisor to Group 1, while Kerrigan Advisors serves as transaction advisor to Hennessy.