Lithia Motors Acquires Nine Dealerships from Keyes Automotive Group
November 10, 2020
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.
- Buyers
- Lithia Motors
- Targets
- Keyes Automotive Group
- Sellers
- Keyes Automotive Group, Howard Keyes, Howard Tenenbaum
- Industry
- Automotive
- Location
- California, United States
- Transaction Type
- Divestiture
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