DENVER (July 30, 2026) – Holland & Knight represented Atlanta-based Hennessy Automobile Companies in connection with its agreement to sell its dealership assets and real estate to Group 1 Automotive (NYSE: GPI) for approximately $1.3 billion. The deal was announced July 30 and is expected to close by the end of 2026, subject to regulatory approvals, OEM approvals and customary closing conditions.
The transaction includes 10 dealerships, a brand portfolio that contains key luxury and import brands – including Lexus, Jaguar/Land Rover and Porsche – and facilities containing 500 service bays staffed by approximately 280 technicians. It is expected to generate approximately $1.7 billion in annualized revenue and be immediately accretive to Group 1's earnings per share upon closing.
Hennessy, a family-owned dealership group, has been a cornerstone of the Atlanta automotive community for more than 60 years. Group 1 is a Fortune 250 automotive retailer with 251 dealerships located in the U.S. and U.K.
Holland & Knight's representation of Hennessy was led by Partners Stephen Dietrich and Brooke Sizer (M&A) and Partner Kyla Baker (Real Estate), with support from Associates Anna Kramer, Alexis Kulik and Alec Choury (M&A). They received assistance from Partner Neely Munnerlyn (Tax, Executive Compensation & Benefits) and Associates Taylor Monnig and Kendall Smith (Real Estate).
More information on the transaction can be found here.
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