Group 1 snags Austin-area Mercedes store
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HOUSTON –
Group 1 Automotive announced Monday its acquisition of a Mercedes-Benz store in Georgetown, Texas.
Part of the greater Austin metropolitan area, the dealership will continue to operate as Mercedes-Benz of Georgetown.
The store is expected to generate $100 million in estimated annual revenues.
“We are delighted to strengthen our relationship with Mercedes-Benz and further expand our scale in the Austin metropolitan market, which leads the nation as one of America’s fastest-growing cities,” said Earl Hesterberg, Group 1’s president and chief executive officer.
Mercedes-Benz of Georgetown also features a Mercedes-Benz Sprinter commercial vehicle franchise as well as a Smart car franchise.
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