Group 1 Automotive announced Tuesday that the company has acquired a new Audi dealership in Fort Worth, Texas.
The addition of the new Texas dealership brings Group 1‘s portfolio of Audi dealerships to 13.
Group 1 currently owns Audi dealerships in Florida, Massachusetts, South Carolina, Texas and the United Kingdom.
"We are delighted to expand our relationship with Audi in the United States and strengthen our luxury brand representation and overall retail portfolio in the greater Dallas-Fort Worth metropolitan area," Group 1 president and chief executive officer Earl Hesterberg said in a news release.
The company estimates that the new Audi store will generate $55 million in annual revenues.