Swickard Auto Group Acquires BMW of Portland from Lithia Motors

Lithia & Driveway Acquires Porsche Beverly Hills and Audi Santa Monica

November 11, 2025

Automotive

Lithia & Driveway (LAD) acquired two luxury Southern California dealerships — Porsche Beverly Hills and Audi Santa Monica — adding an estimated $450 million of annualized revenue. The purchases, sourced from owner Geoff Emery, expand Lithia's luxury retail network and were financed with existing on‑balance sheet capacity.

John Elway and Mitch Pierce Acquire Multiple Denver Dealerships from Lithia Motors

June 27, 2023

Automotive

Pinnacle Mergers & Acquisitions represented Lithia Motors in a late-2022 transaction selling a group of Denver automotive franchises to local operators John Elway and Mitch Pierce. The portfolio included luxury and specialty franchises now operating as Bentley Denver, Lotus Denver, KARMA Denver, Pininfarina Denver and SSC North America (Ferrari Denver was referenced in the announcement). The deal was part of Lithia's portfolio transactions facilitated by Pinnacle.

Dream Motor Group Acquires Toyota of Montgomery and Lexus of Montgomery for $151M

November 24, 2025

Automotive

Dream Motor Group, led by Nick Saban and Joe Agresti, purchased Toyota of Montgomery and Lexus of Montgomery in Montgomery, Alabama from Sutherlin Automotive Group in a deal valued at $151 million. Pinnacle Mergers & Acquisitions served as the broker; the acquisition expands Dream Motor Group’s luxury and performance dealership footprint across the Southeast.

Lithia Motors Acquires Wade Ford from Steve Ewing

July 18, 2023

Automotive

Lithia Motors has purchased Wade Ford, a franchised Ford dealership in the Atlanta metro, from owner Steve Ewing. The acquisition — brokered by Pinnacle Mergers & Acquisitions — is expected to contribute to Lithia's revenue growth and expand its government fleet presence, with Lithia projecting an incremental $285 million in annual revenue.

Lithia & Driveway Acquires Carousel Motor Group

February 27, 2024

Automotive

Lithia & Driveway (LAD) has purchased Carousel Motor Group, a nine-store dealer group operating premium luxury and domestic franchises in the Minneapolis–St. Paul region, adding an expected $900 million in annualized revenue. The acquisition expands Lithia's footprint in the North Central Region (including its first Ford store in Wisconsin) and was financed using existing on‑balance sheet capacity; the seller is Pohlad Companies (the Pohlad family).

Lithia & Driveway Acquires Two Mercedes‑Benz Dealerships from the Higginbotham Family

June 2, 2025

Automotive

Lithia & Driveway (Lithia Motors, Inc.) has acquired Mercedes‑Benz of Jackson (Mississippi) and Mercedes‑Benz of Collierville (Tennessee), including associated real estate, from members of the Higginbotham family. The purchases expand Lithia's luxury-brand footprint and store density in the Southeast as part of its continued acquisition strategy.