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Massachusetts-based Prime Automotive Group has signed a $30 million settlement with ex-CEO David Rosenberg, who was fired after raising concerns about financial wrongdoing. The settlement cleared the way for Group 1 Automotive Inc. of Houston to purchase Prime Automotive from New York-based GPB Capital Holdings for $880 million, The Portland Press Herald reported. Prime Automotive ...
Houston-based Group 1 Automotive closed on its purchase of the dealerships on Wednesday, the same day Prime Automotive signed a settlement agreement with David Rosenberg.
Houston-based Group 1 Automotive closed on its purchase of the dealerships on Wednesday, the same day Prime Automotive signed a settlement agreement with David Rosenberg.
Houston-based Group 1 Automotive closed on its purchase of the dealerships on Wednesday, the same day Prime Automotive signed a settlement agreement with David Rosenberg.
Group 1 Automotive of Houston acquired 27 dealerships in the Northeast, including six in Maine, for $880 million. The deal came as Prime Automotive’s former CEO David Rosenberg settled a lawsuit against his former employer for $30 million.
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