Group 1 Auto Buys Rivertown Ford in Georgia
Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 500 automotive retailer, today announced the acquisition of Rivertown Ford in Columbus, Ga. The dealership is expected to generate $70 million in estimated annual revenues.
Group 1 also announced that it disposed of a Nissan dealership in the Boston market area and an Audi dealership in the United Kingdom that generated $42.4 million in total trailing-12-month revenues.
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