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Group 1 Automotive buys Mercedes-Benz, Jaguar-Land Rover and Volvo dealerships

Group 1 Automotive Inc. acquired three luxury dealerships in Shreveport, La. It also said it sold stores in the second quarter in Texas and Massachusetts.

Group 1 Automotive Inc. has acquired three dealerships and a collision center to expand its presence in Louisiana.

The stores are expected to add $110 million in annual revenue.

The auto retailer said Monday that it bought Mercedes-Benz of Shreveport, Jaguar-Land Rover Shreveport and Holmes Volvo Cars, also in Shreveport.

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