Lithia Motors Acquires Ferrari, Bentley and Lotus Dealerships in Denver

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 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.

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.

Lithia Motors Acquires Nine Dealerships from Keyes Automotive Group

November 10, 2020

Automotive

Lithia Motors has purchased nine high-volume dealerships from Los Angeles-based Keyes Automotive Group in a multi-location transaction that expands Lithia's footprint in the Los Angeles and Phoenix markets. Kerrigan Advisors represented Keyes, which sold the nine dealerships while retaining several others; Lithia will operate the acquired franchises as part of its national dealership network.

Sonic Automotive Acquires Four Jaguar Land Rover Dealerships from US Auto Trust

July 1, 2025

Automotive

Sonic Automotive, a Fortune 500 automotive retailer, acquired four Jaguar Land Rover dealerships in California — Jaguar Land Rover Los Angeles, Jaguar Land Rover Newport Beach, Jaguar Land Rover San Jose, and Land Rover Pasadena — from US Auto Trust. The acquisition adds approximately $500 million of annual revenue, expands Sonic's national footprint to 177 franchises, and makes Sonic the largest Jaguar Land Rover retail ownership group in the U.S. by volume.

Holand Automotive Group Acquires Ferrari of Rancho Mirage

September 12, 2024

Automotive

Montreal-based Holand Automotive Group has acquired Ferrari of Rancho Mirage, adding a third Ferrari dealership to its North American portfolio. The acquisition strengthens Holand's presence on the U.S. West Coast and expands its access to high-net-worth customers in the Palm Springs and Coachella Valley markets.