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

June 27, 2023

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.

Buyers
John Elway, Mitch Pierce
Targets
Bentley Denver, Lotus Denver, KARMA Denver, Pininfarina Denver, SSC North America, Ferrari Denver
Sellers
Lithia Motors
Industry
Automotive
Location
Colorado, United States
Transaction Type
Divestiture

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