Retail

GPB thrives under the radar

Kenny Ross Subaru is part of Kenny Ross Automotive Group. GPB bought a majority stake in June.
July 23, 2017 05:00 AM
None
GPB Capital
What: New York private-equity firm Holdings: Under contract with majority stakes in 66 dealerships Where: New York, New Jersey, Connecticut, Texas, California and Pennsylvania Numbers: $1.2 billion in assets; more than 1,000 investors M.O.: Requires sellers keep 15-25% stake, stay and run operations
RETAIL07_170729907_H2_-1_TFDMAGKEALUR.jpg Naugle: “We are retailers.”

In the past four years, GPB Capital has quietly grown by buying exclusive brand dealerships in small to midsize markets, and larger stores or groups in metro areas.

Staying current is easy with newsletters delivered straight to your inbox.