{"id":21063,"date":"2021-11-23T10:38:00","date_gmt":"2021-11-23T16:38:00","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=21063"},"modified":"2021-11-23T10:38:00","modified_gmt":"2021-11-23T16:38:00","slug":"prime-automotive-group-sale-finalized","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/prime-automotive-group-sale-finalized\/","title":{"rendered":"GPB Capital Holdings Concludes Sale of Prime Automotive Group"},"content":{"rendered":"

Beleaguered Alternative Asset Firm Also Reaches $30M Settlement With Former Prime CEO\u00a0<\/span><\/h2>\n

New York-based <\/span>GPB Capital Holdings, LLC<\/span><\/a> has finalized its sale of its Prime Automotive Group to Group 1 Automotive. The purchase includes all of Prime Auto\u2019s assets, including over two dozen car dealerships and three collision centers.\u00a0<\/span><\/p>\n

The $880M sale of Prime Automotive Group was announced in September 2021. This comes months after a regulatory filing in May 2021 when GPB Capital stated that it doubted the former\u2019s survival. In August 2021, the alternative asset firm spoke about selling dealerships to generate operational liquidity.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Beleaguered Alternative Asset Firm Also Reaches $30M Settlement With Former Prime CEO\u00a0 New York-based GPB Capital Holdings, LLC has finalized its sale of its Prime Automotive Group to Group 1 Automotive. The purchase includes all of Prime Auto\u2019s assets, including over two dozen car dealerships and three collision centers.\u00a0 The $880M sale of Prime Automotive […]<\/p>\n","protected":false},"author":2,"featured_media":21064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4102],"tags":[3188,4651],"class_list":["post-21063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gpb-capital","tag-gpb-capital-holdings","tag-prime-automotive-group"],"yoast_head":"\nGPB Capital Finalizes Sale of Prime Automotive Group | SSEK Law<\/title>\n<meta name=\"description\" content=\"GPB Capital has finalized their sale of Prime Automotive Group to Group 1 Automotive. 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