Boston Herald

Prime Auto dealership­s sold

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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.

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