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New Deal


Announced

Group 1 Automotive to acquire Classic Chrysler Dodge Jeep Ram of Denton and Classic Mazda of Denton.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Domestic

Acquisition

Majority

Single Bidder

car dealership

Friendly

Specialty Retailers

Private

Pending

Synopsis

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Group 1 Automotive, an automotive retailer, agreed to acquire Classic Chrysler Dodge Jeep Ram of Denton and Classic Mazda of Denton, two car dealerships in Texas. Financial terms were not disclosed. "We are excited to expand our presence in the fast-growing Dallas-Fort Worth metro market with these strong brands," Daryl Kenningham, Group 1 Automotive President of US and Brazilian Operations.

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