Group 1 Automotive, Inc. has completed the acquisition of assets related to 10 automobile dealerships and one collision center located in the greater Atlanta, Georgia market. The transaction, previously announced on July 30, 2026, was finalized on October 19, 2026, following the execution of a Purchase and Sale Agreement with Hennessy Automobile Companies, Inc. and certain affiliated entities.
The total consideration paid for the Hennessy Acquisition was approximately $1.3 billion, subject to customary post-closing adjustments. At the time of closing, $80.0 million of the purchase price was placed into an indemnity escrow account. This escrow is structured to release funds to Hennessy over an 18-month period: 25% three months after closing, an additional 25% nine months after closing, and the remaining balance 18 months after closing, subject to any pending claims.
The acquisition was funded through a combination of cash on hand and the net proceeds from a previously announced private placement of debt. Group 1 issued $625 million of 6.250% senior notes due in 2032 and $625 million of 6.625% senior notes due in 2035.
Financial statements and pro forma financial information regarding the acquisition are not included in this filing but will be provided within 71 calendar days. The company has attached the Purchase and Sale Agreement and a First Amendment to the agreement dated October 2, 2026, as exhibits.
