Liquidation: GPB Automotive Portfolio, LP

Form Type: 10-K

Filing Date: 2025-03-27

Corporate Action: Liquidation

Type: New

Accession Number: 000141057825000505

Filing Summary: GPB Automotive Portfolio, LP is a holding company that has sold substantially all of its assets and is currently in receivership following a court order. The receivership began after a ruling by the U.S. District Court for the Eastern District of New York, which appointed a receiver to manage the entity's operations. A proposed plan for the distribution of assets to investors and creditors has been filed with the court but is pending approval. The partnership previously operated multiple automotive dealerships but sold these assets through a $824.9 million deal with Group 1 Automotive. The entirety of the partnership’s operations and financial activities have now shifted to the oversight of the appointed receiver while they work to liquidate the remaining assets, with liquidation expected to be completed by December 31, 2025. The partnership’s challenges are exacerbated by ongoing legal issues, including an enforcement action from the SEC linked to allegations of securities fraud against key individuals associated with GPB.

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