Prime Auto dealerships sold
A Texas-based company is buying Massachusetts-based Prime Automotive Group, which has 30 dealerships and three collision centers in the Northeast.
Group 1 Automotive Inc. of Houston entered into an agreement to purchase Prime Automotive from New York-based GPB Capital Holdings for $880 million, the company announced Monday.
Group 1 owns and operates 188 dealership in the U.S., United Kingdom and Brazil, and already operates dealerships in Massachusetts and New Hampshire. The sale price was disclosed in a filing with the Securities and Exchange Commission.