LMP Automotive Holdings Acquires Bachman-Bernard Chevrolet-Buick-GMC-Cadillac (with Real Estate)
March 24, 2021
LMP Automotive Holdings, Inc. (NASDAQ: LMPX) has closed the acquisition of Bachman-Bernard Chevrolet-Buick-GMC-Cadillac and the associated real estate located at 3365 E Andrew Johnson Hwy in Greeneville, Tennessee. The deal, which includes Chevrolet, Buick, GMC and Cadillac franchises, is part of LMP's Stage One consolidation plan to expand its dealership network and expected EBITDA contribution.
- Buyers
- LMP Automotive Holdings, Inc.
- Targets
- Bachman-Bernard Chevrolet-Buick-GMC-Cadillac
- Industry
- Automotive
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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