Group 1 Automotive Announces Acquisition of Prime Automotive Group Dealerships
Vinson & Elkins advised Group 1 Automotive, Inc., an international, Fortune 500 automotive retailer with 188 dealerships located in the U.S., U.K., and Brazil, in connection with a definitive agreement to purchase substantially all the assets, including real estate, of Prime Automotive Group, headquartered in Westwood, Massachusetts.
In 2020, the corresponding Prime dealerships generated $1.8 billion in annual revenues and retailed over 52,000 new and used vehicles.
The V&E corporate team was led by partner Gillian Hobson, with assistance from partner Chris Collins and associates Libby Gerstner and John Sager. Also advising were counsel Scot Dixon; counsel Regina Ibarra and associate Maddison Riddick; partner Sean Becker and associate Peter Goetschel; counsel Larry Pechacek and associate Kevin Moscon; partner Lina Dimachkieh and associate Curt Wimberly; counsel Sarah Mitchell; partner Guy Gribov and senior associate Zach Rider; partner Jeff Johnston and associate Tom Mitsch; partner Darren Tucker and associate Molly McDonald; and partner Devika Kornbacher and senior associate Sean Hill.
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