Lithia & Driveway Acquires Carousel Motor Group

Lithia & Driveway (LAD) has purchased Carousel Motor Group, a nine-store dealer group operating premium luxury and domestic franchises in the Minneapolis–St. Paul region, adding an expected $900 million in annualized revenue. The acquisition expands Lithia's footprint in the North Central Region (including its first Ford store in Wisconsin) and was financed using existing on‑balance sheet capacity; the seller is Pohlad Companies (the Pohlad family).