Driving the news: Group 1 Automotive $GPI ( ▲ 1.53% ) has acquired Mercedes-Benz of Buckhead from the Baranco family in a deal that adds $210 million in expected annual revenue to the dealership group.

For context: The high-performing Atlanta luxury dealership is located near Mercedes-Benz USA's headquarters and is considered one of the most desirable stores in the region.

  • Gregory and Juanita Baranco, longtime leaders in Atlanta's automotive community, sold the dealership but will keep operating Mercedes-Benz of Covington in Louisiana.

  • The Presidio Group advised on the transaction, which closed August 4 and included all dealership real estate.

Why it matters: The acquisition shows how competitive the market has become for premium dealerships, with major groups like Group 1 paying top dollar for luxury stores in strong markets.

Big picture: Group 1 has now acquired $640 million in annual revenues this year alone, following $3.9 billion in 2024 acquisitions.

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