Group 1 acquires Munday dealerships in Houston

Hesterberg: "Munday Chevrolet is the second largest Chevy dealership in Texas."

Group 1 Automotive, the third-largest auto dealer group based in the United States, has acquired Houston dealerships Munday Chevrolet and Munday Mazda, the company said today.

A Group 1 spokesman said the stores were sold by Bill Munday and the transactions closed last week. They are expected to bring in $225 million in annual revenue. The dealership names and signage will not change.

“Munday Chevrolet is the second largest Chevy dealership in Texas and sixth largest in the country,” Group 1 CEO Earl Hesterberg said in a statement. “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.”

The acquisition follows the company’s sale of Hassel Volvo in Long Island, N.Y., on June 23. Patrick Dibre bought the store, which generated about $30 million in trailing-12-month revenue for Group 1.

Including the latest transactions, Group 1 owns 153 dealerships, 195 franchises and 38 collision centers in the United States, the United Kingdom and Brazil. In 2013, the company generated about $8.9 billion in revenue, up 19 percent from 2012.

Group 1 ranks No. 3 on the Automotive News list of the top 125 U.S. dealership groups, with sales of 155,866 new light vehicles in 2013.

You can reach Katie Burke at -- Follow Katie on Twitter: @KatieGBurke

ATTENTION COMMENTERS: Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.

Email Newsletters
  • General newsletters
  • (Weekdays)
  • (Mondays)
  • (As needed)
  • Video newscasts
  • (Weekdays)
  • (Weekdays)
  • (Saturdays)
  • Special interest newsletters
  • (Thursdays)
  • (Tuesdays)
  • (Monthly)
  • (Monthly)
  • (Wednesdays)
  • (Bimonthly)
  • Special reports
  • (As needed)
  • (As needed)
  • Communication preferences