HOUSTON -

International automotive retailer Group 1 Automotive Inc., on Tuesday announced its acquisition of dealerships in the Lone Star State.

Group 1 has taken ownership of Moritz BMW/MINI and Moritz Cadillac in Arlington, Texas, which is located in the greater Dallas/Fort Worth metropolitan area. 

The dealerships, which will operate as BMW of Arlington, MINI of Arlington, and Cadillac of Arlington, are expected to generate $200 million in estimated annual revenues, the company reported.

"Dallas, Texas is one of the largest and fastest growing luxury automobile markets in the U.S.,” said Earl J. Hesterberg, Group 1 president and chief executive officer. 

“These well-established businesses will give Group 1 a great platform for growth and will further expand our important, long-term relationship with BMW of North America," he said.  

Group 1 owns and operates 144 automotive dealerships, 182 franchises, and 36 collision centers in the U.S., the United Kingdom and Brazil, offering 33 auto brands.

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