Group 1 Acquires Ga.-Based Auto Group
Group 1 Automotive Inc. has completed the acquisition of Jay Automotive Group, which operates six franchises in Columbus, Ga.
HOUSTON — Group 1 Automotive Inc., an international, Fortune 500 automotive retailer, announced the acquisition of Columbus, Ga.-based Jay Automotive Group Inc.
Jay Automotive Group operates six franchises: Jay Toyota Scion; Jay Buick GMC; Jay Subaru of Columbus; Jay Mazda; and Volvo of Columbus. The dealerships, which will operate as Rivertown Toyota, Rivertown Scion, Rivertown Buick GMC, Rivertown Subaru, Rivertown Mazda and Volvo of Columbus, are expected to generate $150 million in estimated annual revenues.
"Upon entering the Columbus market last December with the Rivertown Ford acquisition, we found both the city and people to be very welcoming,” said Earl J. Hesterberg, Group 1's president and CEO. “We are delighted to build scale and offer a wider selection of automotive brands in such a thriving community."
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