LAPIS Acquires Mercedes‑Benz of Northern Arizona

Group 1 Automotive Acquires Three Luxury Brand Dealerships in Florida and Texas

May 19, 2025

Automotive

Group 1 Automotive, Inc. acquired three luxury-brand dealerships — a Lexus and an Acura dealership in Fort Myers, Florida, and Mercedes‑Benz of South Austin in Texas — expanding its footprint in key cluster markets. The three dealerships are expected to generate approximately $330 million in combined annual revenues and will complement Group 1's existing luxury portfolio.

Lithia Motors Acquires Ferrari, Bentley and Lotus Dealerships in Denver

December 13, 2022

Automotive

Lithia Motors purchased three Denver-area luxury dealerships — Ferrari of Denver, Bentley of Denver and Lotus (Lotus of Denver) — in a transaction brokered by Pinnacle Mergers & Acquisitions. The dealerships were sold by owner Aleks Vekselberg as Lithia expands its luxury and regional retail footprint in Colorado.

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.

Penske Automotive Group Acquires Four Toyota and Lexus Dealerships from Longo Entities

November 19, 2025

Automotive

Penske Automotive Group acquired four high-volume Toyota and Lexus dealerships — Longo Toyota, Longo Lexus (El Monte), Lexus of Stevens Creek (San Jose), and Longo Toyota of Prosper (Texas) — expanding its presence in Southern and Northern California and the Dallas market. The stores retailed more than 28,000 new and used vehicles in 2024, are expected to add roughly $1.5 billion in annualized revenue, and the transaction closed on November 19, 2025 (financed via the company’s U.S. credit agreement and a note payable to the seller).

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.

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.