AFS Automotive Group Advises Fortune 300 Automotive Retailer in Acquisition of Two High Volume Lexus Dealerships

ArentFox Schiff represented Group 1 Automotive in its acquisition of Newport Lexus and Tustin Lexus in February.

Group 1 Automotive is a publicly traded Fortune 300 automotive retailer with over 200 US and UK dealerships that acquired the new Lexus stores through an asset purchase transaction which closed in February. The stores are expected to generate $350 Million in annual revenues. As part of the transaction, ArentFox Schiff assisted Group 1 with its diligence review of the stores’ operations and properties, counseled Group 1 on the purchase of Tustin Lexus property and negotiated a lease with purchase option for the Newport Lexus property.

Group 1 Automotive was advised by an automotive group team comprised of Partner David Meyer and Associates, Angele Solano, Gus Paras, and Tiffany Yadegar on the transactions.


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