HOUSTON -

Group 1 Automotive announced this week the acquisition of two dealerships located in Houston: Munday Chevrolet and Munday Mazda.

The two dealerships, which will continue to do business with their current names, are estimated to yield $225 million annually.

Earl Hesterberg, the president and chief executive officer of Group 1, believes the acquisition of two of Houston’s big hitters will greatly improve the group’s market appeal.

“Munday Chevrolet is the second-largest Chevy dealership in Texas and sixth-largest in the country,” Hesterberg said. “We are delighted to add this high volume store to our growing family of dealerships in our hometown of Houston. The addition of Chevrolet and Mazda expands our scale and brand offerings to a total of 17 brands across 19 stores serving over 300,000 customers in the greater Houston metropolitan area.”

In other Group 1 Auto news, the collective disposed of Long Island-located Hassel Volvo at the end of June.