Group 1 Automotive
#2572
Rank
$5.2B
Marketcap
United States
Country
Mr. Earl J. Hesterberg Jr. (CEO & Exec. Director)
Mr. Daryl Adam Kenningham (Pres, COO & Director)
Mr. Daniel James McHenry (Sr. VP & CFO)
Summary
History
Group 1 was founded as a public corporation in 1997 with B. B. Hollingsworth as Chairman and CEO. The founding dealership owners were Bob Howard of Oklahoma City, Sterling McCall, Kevin Whalen of Houston, and Charles Smith of Beaumont.Subsequent acquisitions in the US include the Gene Messer Automotive Group, Maxwell Auto Group, Ira Motor Group, Bohn Auto Group, Pat Peck Auto Group, Miller Automotive Group among many others. These are based in Bury St Edmunds, Cambridge, Kings Lynn, Norwich, and Peterborough. In 2021, Group 1 completed its largest acquisition, the Prime Automotive Group, consisting of 28 dealerships in the northeast U.S.Group 1 also acquired dealer groups in the U.K. including: Barons Group, Chandlers Group, Essex Audi Group, Elms Group, Think Ford, Spire Automotive, Robinsons Motor Group, and the Beadles Group. Group 1 purchased the Brazilian automotive dealership group UAB Motors Participacoes S.A. in 2013 and operated as Group 1 Automotive Brazil. Professional race car driver André Ribeiro and his family of dealerships were notable parts of this acquisition. Group 1 divested its Brazilian operations in 2022. As of 2021, Group 1 is ranked as the fourth largest automotive retailer in the United States, operating 202 dealerships and representing brands such as BMW, Volkswagen, Ford, Toyota, Audi, Mercedes-Benz, Honda, Chrysler, Dodge, Jeep, Ram, GMC, Nissan, Land Rover, Acura, Buick, Chevrolet, and Lexus among many others. Group 1 also operates 44 collision centers in the U.S. and the U.K.
Mission
Vision
Key Team
Mr. Peter C. DeLongchamps (Sr. VP of Manufacturer Relations, Financial Services & Public Affairs)
Sheila Roth (Head of Investor Relations)
Mr. Frank Grese Jr. (Sr. VP of Training, Operations Support & Employee Communications)
Mr. Darryl Michael Burman (Sr. VP & Gen. Counsel)
Mr. Lincoln da Cunha Pereira Filho (Director)
Mr. Edward McKissic (Sr. VP, Chief HR Officer & Chief Diversity Officer)
Mr. Matthew E. McGovern (Chief Financial Officer of Northeast Region)
Recognition and Awards
References
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Mr. Earl J. Hesterberg Jr. (CEO & Exec. Director)
Mr. Daryl Adam Kenningham (Pres, COO & Director)
Mr. Daniel James McHenry (Sr. VP & CFO)