Group 1 Automotive Inc. has expanded its U.S. luxury portfolio with the purchase of Mercedes-Benz of Anaheim in California.
The store appears to have been owned by Caliber Motors, according to California dealership license records, and was founded in 1984, according to the store’s website. A Group 1 spokeswoman confirmed the transaction happened Thursday.
The dealership, which includes a Sprinter franchise, is expected to generate $200 million in annual revenue, Group 1 said.
The dealership group is “extremely pleased to expand our existing operations in Southern California with this great brand,” Group 1 CEO Earl Hesterberg said in a statement. “Our strong relationship with Mercedes-Benz and experience in this market area make this dealership an excellent addition to our portfolio.”
Group 1 in July added another Mercedes-Benz dealership, in Louisiana, along with Jaguar-Land Rover and Volvo dealerships.
The company said it has acquired dealerships representing $940 million in annual revenue this year.
In March, Group 1 purchased the high-volume Charles Maund Toyota in Austin, Texas, and in April, it purchased a Toyota store in New Mexico from Asbury Automotive Group Inc.
The Houston auto retailer also has sold some stores this year. In the second quarter, Group 1 sold a Hyundai dealership in Texas to Steele Auto Group and sold Volkswagen Norwood in the Boston area to DCD Automotive Holdings. Group 1 also sold two dealerships in Massachusetts in February.
The auto retailer completed an undisclosed store sale in the third quarter.
Group 1 Automotive ranks No. 4 on Automotive News’ list of the top 150 dealership groups based in the U.S., retailing 146,072 new vehicles in 2021.