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GPB Capital Sells Automotive Assets to Group 1 for $880 Million

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Non-public-equity agency GPB Capital Holdings LLC, presently dealing with fraud allegations from the Securities and Trade Fee and greater than a half-dozen states, is promoting its Prime Automotive Group of automobile dealerships for about $880 million.

The sale to Houston-based Group 1 Automotive Inc. by GPB Automotive Portfolio LP, the entity fashioned by the New York agency for its auto seller belongings, consists of 30 shops and three collision restore outlets in mid-Atlantic and Northeast markets, in response to a regulatory submitting Monday.

The…

https://www.wsj.com/articles/gpb-capital-sells-automotive-assets-to-group-1-for-880-million-11631562133?mod=pls_whats_news_us_business_f | GPB Capital Sells Automotive Belongings to Group 1 for $880 Million

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