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- Group_1_Automotive abstract "Group 1 Automotive, Inc. (NYSE: GPI) is a Fortune 500 company, founded in 1995, and became public in 1997. It has its headquarters in the One Memorial City Plaza building in the Memorial City district of Houston, Texas.As of 2013, Group 1 became the third largest automotive retailer in the United States and as of 2014 the company owns 116 dealerships in 15 states, 17 in Brazil and 17 in the UK.The company is led by former Ford Motor Company executive, Earl J. Hesterberg.Formation of Group 1 in 1995 Group 1's chairman, president, and chief executive officer, B.B. (Ben) Hollingsworth, Jr., was the one with Wall Street experience among the men who founded the company in 1995. In 1995 the seeds of Group 1 were planted when Hollingsworth was invited by Houston automobile dealers Sterling McCall and Charles Smith to meet at The Forest Club, an exclusive country club located in West Houston. The two men wanted to discuss a dealership roll-up and sought advice from Hollingsworth about the implications of taking such a venture public. As Hollingsworth recalled, "They had great dealerships, but they couldn't find Wall Street with a street map." What they did possess was a wealth of experience in the car business. Smith's family, in fact, had been involved in automotive retailing since 1917 and Charles Smith had more than a quarter-century of experience himself. The family's group of Texas dealerships generated revenues of more than $200 million. McCall had a similar level of experience; he was the first to be granted a stand-alone exclusive Toyota dealership in Houston. The three men agreed to go into business together and in December 1995 formed Group 1 Automotive, Inc. to acquire automobile dealerships and their related operations. For the family-owned dealerships, going public had an obvious appeal: it provided an exit strategy as well as security. Instead of having all of their wealth tied up in inventory, they would now have stock and the ability to become liquid if necessary. Founding GroupsTHE HOWARD GROUP : The Howard Group is one of the largest dealership groups in Oklahoma, consisting of Acura, Chevrolet, Chrysler, Dodge, Eagle, GMC, Honda, Isuzu, Jeep, Mazda, Plymouth, Pontiac and Toyota dealerships located in Oklahoma City. Additionally, the Howard Group has entered into an agreement to purchase a Chevrolet dealership in Tulsa, Oklahoma for the assumption of its liabilities which are currently approximately $2.5 million. See "The Acquisitions". Mr. Howard, the principal owner, has been involved in the automotive retailing industry for over 28 years. MCCALL GROUP : The McCall Group consists of the second largest Toyota dealership in the United States, as ranked by 1996 new retail unit sales, and one Lexus dealership, both located in Houston, Texas. Mr. McCall, the principal owner, has been involved in the automotive retailing industry for more than 27 years, having been granted the first stand-alone exclusive Toyota dealership in Houston, Texas. SMITH GROUP : The Smith Group consists of one Acura dealership in Houston, Texas, Honda, GMC, Oldsmobile, Mitsubishi, Lincoln, Mercury and Kia dealerships in Beaumont, Texas, a Nissan dealership in Richardson, Texas (a suburb of Dallas) and two Nissan dealerships, one Mitsubishi dealership and one Suzuki dealership in the Austin, Texas area. The Smith family has been in the automotive retailing business since 1917. KINGWOOD GROUP : The Kingwood Group consists of one Honda and one Isuzu dealership in Kingwood, Texas, a suburb of Houston. The Honda dealership was established in 1989 and the Isuzu dealership was established in 1996. Mr. Hollingsworth and John H. Duncan, a director of the Combined Company, own interests in these dealerships.Principal Subsidiaries: Bob Howard Automotive--H, Inc.; Luby Chevrolet; Foyt Motors, Inc.; McCall-TL, Ltd.; Mike Smith Automotive--N, Inc.; Ira Automotive Group, LLC. Principal Competitors: AutoNation USA; Sonic Automotive; United Auto Group, Inc.".
- Group_1_Automotive foundingYear "1995".
- Group_1_Automotive industry Car_dealership.
- Group_1_Automotive keyPerson Earl_J._Hesterberg.
- Group_1_Automotive type Public_company.
- Group_1_Automotive wikiPageExternalLink group-1-automotive-inc-history.
- Group_1_Automotive wikiPageExternalLink www.group1auto.com.
- Group_1_Automotive wikiPageExternalLink index.htm.
- Group_1_Automotive wikiPageExternalLink ixzz3iFsOCMEy.
- Group_1_Automotive wikiPageExternalLink browse-edgar?CIK=0001031203&action=getcompany.
- Group_1_Automotive wikiPageID "4895545".
- Group_1_Automotive wikiPageLength "6965".
- Group_1_Automotive wikiPageOutDegree "18".
- Group_1_Automotive wikiPageRevisionID "675175684".
- Group_1_Automotive wikiPageWikiLink Car_dealership.
- Group_1_Automotive wikiPageWikiLink Category:1997_establishments_in_Texas.
- Group_1_Automotive wikiPageWikiLink Category:American_companies_established_in_1997.
- Group_1_Automotive wikiPageWikiLink Category:Auto_dealerships_of_the_United_States.
- Group_1_Automotive wikiPageWikiLink Category:Companies_based_in_Houston,_Texas.
- Group_1_Automotive wikiPageWikiLink Category:Companies_listed_on_the_New_York_Stock_Exchange.
- Group_1_Automotive wikiPageWikiLink Central_Index_Key.
- Group_1_Automotive wikiPageWikiLink Earl_J._Hesterberg.
- Group_1_Automotive wikiPageWikiLink Ford_Motor_Company.
- Group_1_Automotive wikiPageWikiLink Fortune_500.
- Group_1_Automotive wikiPageWikiLink Houston.
- Group_1_Automotive wikiPageWikiLink Houston,_TX.
- Group_1_Automotive wikiPageWikiLink Memorial_City,_Houston.
- Group_1_Automotive wikiPageWikiLink Public_company.
- Group_1_Automotive wikiPageWikiLink Texas.
- Group_1_Automotive wikiPageWikiLink United_States.
- Group_1_Automotive wikiPageWikiLinkText "Group 1 Automotive Inc.".
- Group_1_Automotive wikiPageWikiLinkText "Group 1 Automotive".
- Group_1_Automotive foundation "1995".
- Group_1_Automotive hasPhotoCollection Group_1_Automotive.
- Group_1_Automotive hqLocationCity Houston.
- Group_1_Automotive hqLocationCity Houston,_TX.
- Group_1_Automotive hqLocationCountry United_States.
- Group_1_Automotive industry Car_dealership.
- Group_1_Automotive keyPeople Earl_J._Hesterberg.
- Group_1_Automotive logo "File:Group 1 Automotive logo.png".
- Group_1_Automotive name "Group 1 Automotive, Inc.".
- Group_1_Automotive tradedAs "CIK: 0001031203".
- Group_1_Automotive type Public_company.
- Group_1_Automotive website index.htm.
- Group_1_Automotive wikiPageUsesTemplate Template:Infobox_company.
- Group_1_Automotive wikiPageUsesTemplate Template:Motorvehicle-company-stub.
- Group_1_Automotive wikiPageUsesTemplate Template:NYSE.
- Group_1_Automotive wikiPageUsesTemplate Template:Portal.
- Group_1_Automotive wikiPageUsesTemplate Template:Reflist.
- Group_1_Automotive wikiPageUsesTemplate Template:US-retail-company-stub.
- Group_1_Automotive subject Category:1997_establishments_in_Texas.
- Group_1_Automotive subject Category:American_companies_established_in_1997.
- Group_1_Automotive subject Category:Auto_dealerships_of_the_United_States.
- Group_1_Automotive subject Category:Companies_based_in_Houston,_Texas.
- Group_1_Automotive subject Category:Companies_listed_on_the_New_York_Stock_Exchange.
- Group_1_Automotive type Agent.
- Group_1_Automotive type Article.
- Group_1_Automotive type Company.
- Group_1_Automotive type Organisation.
- Group_1_Automotive type Article.
- Group_1_Automotive type Company.
- Group_1_Automotive type Dealership.
- Group_1_Automotive type Establishment.
- Group_1_Automotive type Organization.
- Group_1_Automotive type Agent.
- Group_1_Automotive type SocialPerson.
- Group_1_Automotive type Thing.
- Group_1_Automotive type Q43229.
- Group_1_Automotive comment "Group 1 Automotive, Inc. (NYSE: GPI) is a Fortune 500 company, founded in 1995, and became public in 1997. It has its headquarters in the One Memorial City Plaza building in the Memorial City district of Houston, Texas.As of 2013, Group 1 became the third largest automotive retailer in the United States and as of 2014 the company owns 116 dealerships in 15 states, 17 in Brazil and 17 in the UK.The company is led by former Ford Motor Company executive, Earl J.".
- Group_1_Automotive label "Group 1 Automotive".
- Group_1_Automotive sameAs m.0ct0vh.
- Group_1_Automotive sameAs Q5611081.
- Group_1_Automotive sameAs Q5611081.
- Group_1_Automotive wasDerivedFrom Group_1_Automotive?oldid=675175684.
- Group_1_Automotive homepage index.htm.
- Group_1_Automotive isPrimaryTopicOf Group_1_Automotive.
- Group_1_Automotive name "Group 1 Automotive, Inc.".