Dealership buy-sells took a global turn last week, with Group 1 Automotive Inc. buying a dozen dealerships outside of London and a Dutch group investing in Houston's indiGO Auto Group.
Group 1, also of Houston, Texas, finalized the acquisition of Beadles Group Ltd. of Dartford, England. Beadles' 12 dealerships are expected to generate $330 million in annual revenue.
The acquisition expands Group 1's presence in the UK to 43 dealerships that are estimated to generate more than $2 billion in annual revenue. Publicly traded Group 1, the third-largest dealership group in the U.S., also has 16 dealerships in Brazil.