Yesterday I talked about the idea of sleepers.  I think Group 1 is a tremendous example of a company that was a “sleeper.”  It was an organization with a rich history and a management team that was incredibly adept at buying really good dealerships (and corresponding management teams.)  It almost was like a “venture capital” organization. 

But then the company’s CFO retired, and a structural shift in the industry left the company (now a lot bigger in size) unable to continue its existing strategy.  It was an asset pool crying out for a new approach.  An organization (as I mentioned with my “Urban Meyer” example when I discussed Keystone̵ ...

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Related Companies: Group 1 Automotive
Sonic Automotive