Articles Posted in GPB Automotive

Gpb Automotive Portfolio, Lp to Sell Prime Automotive for $880 Million, Which Generated $1.8 Billion in Annual Revenue in 2020; Gpb Automotive’ S Future Remains Uncertain
Iorio Law PLLC

According to SEC filings, GPB Automotive Portfolio LP entered into an agreement with Group 1 Automotive, Inc. on September 12, 2021, to sell Prime Automotive for $880 million, consisting of 30 car dealerships and three collision centers located in the Northeast of the United States. According to a press release issued by Group 1 Automotive,…

Continue reading ›
Gpb Automotive Portfolio, Lp to Sell Prime Automotive as Its Future Remains Uncertain; Investors Encouraged to Act Now
Iorio Law PLLC

August 24, 2021 – This morning, investors of GPB Automotive Portfolio LP woke up to more worrisome news, as the Wall Street Journal reported that the GPB Capital Holdings LLC, is looking to sell its largest dealership group, Prime Automotive, raising speculation that the GPB Automotive is running out of cash. The latest news follows…

Continue reading ›

Client Reviews

August Iorio is a wonderful, very competent attorney. He helped me through a very complicated financial situation to a result that benefitted me greatly. He is responsive, efficient, and very accommodating to my personal situation. I highly recommend him.

Christine L.

I was impressed with August Iorio's directness and clarity in explaining the claim process and how it might work out. I also appreciated his promptness in getting back to me when I had questions or other concerns. The law firm is very good at what it does.

Art H.

August Iorio was the lead on our case. His professional demeanor, partnered with his responsiveness to our questions, suggestions, and ideas made us feel as if we were a team with a common goal. He always kept us updated and informed and gave us realistic expectations which resulted in a timely...

EB & SB.

Contact Us

  1. 1 Free Consultation
  2. 2 Nationwide Practice
  3. 3 No Recovery, No Fee*
Fill out the contact form or call us at (646) 330-4624 to schedule your free consultation.

Let’s Discuss Your Case