Group 1 Automotive Acquires Kia Dealership In Kansas

by Benzinga Staff
January 2, 2013 4:07 PM | 1 min read | Make a Comment

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Group 1 Automotive (NYSE: GPI), a Fortune 500 automotive retailer, today announced the acquisition of Shawnee Mission Kia in Overland Park, Kan., that is expected to generate $65.0 million in estimated annual revenues."Group 1 is pleased to add scale to our Kansas City operations and further expand our brand offerings," said Earl J. Hesterberg, Group 1's president and chief executive officer. "Shawnee Mission Kia will complement Group 1's existing BMW, MINI and Hyundai dealerships in the Kansas City metropolitan area."Group 1 noted that in 2012 the company acquired 16 franchises with estimated annual revenues of $715.0 million and disposed of six franchises with trailing-12-month revenues of $127.9 million.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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