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.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 12 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.
For more information, please speak with our media contacts.