Group 1 Automotive Acquires a BMW and MINI Dealership in El Paso, Texas (GPI)

Group 1 Automotive, Inc. GPI, a Fortune 500 automotive retailer, today announced that it acquired a BMW and MINI dealership in El Paso, Texas. The franchises will operate as BMW of El Paso and MINI of El Paso and are expected to generate $55.0 million in estimated annual revenues. "This acquisition is part of Group 1's strategy to further grow our overall business, as well as our partnership with BMW of North America," said Earl J. Hesterberg, Group 1's president and chief executive officer.