Group 1 Automotive Inc. has expanded its U.S. luxurious portfolio with the acquisition of Mercedes-Benz of Anaheim in California.

The shop seems to have been owned by Caliber Motors, in accordance with California dealership license data, and was based in 1984, in accordance with the shop’s web site. A Group 1 spokeswoman confirmed the transaction occurred Thursday.

The dealership, which features a Sprinter franchise, is predicted to generate $200 million in annual income, Group 1 mentioned.

The dealership group is “extraordinarily happy to increase our present operations in Southern California with this nice model,” Group 1 CEO Earl Hesterberg mentioned in an announcement. “Our robust relationship with Mercedes-Benz and expertise on this market space make this dealership a superb addition to our portfolio.”

Group 1 in July added one other Mercedes-Benz dealership, in Louisiana, together with Jaguar-Land Rover and Volvo dealerships.

The corporate mentioned it has acquired dealerships representing $940 million in annual income this yr.

In March, Group 1 bought the high-volume Charles Maund Toyota in Austin, Texas, and in April, it bought a Toyota retailer in New Mexico from Asbury Automotive Group Inc.

The Houston auto retailer additionally has bought some shops this yr. Within the second quarter, Group 1 bought a Hyundai dealership in Texas to Steele Auto Group and bought Volkswagen Norwood within the Boston space to DCD Automotive Holdings. Group 1 additionally bought two dealerships in Massachusetts in February.

The auto retailer accomplished an undisclosed retailer sale within the third quarter.

Group 1 Automotive ranks No. 4 on Automotive Information’ record of the highest 150 dealership teams based mostly within the U.S., retailing 146,072 new autos in 2021.