Lithia & Driveway Acquires Three Duval Motor Company Dealerships in Florida
September 10, 2024
Lithia & Driveway (NYSE: LAD) purchased three dealerships (Acura, Honda and Subaru) from Duval Motor Company in Jacksonville and Gainesville, Florida, adding an expected $200M+ in annualized revenue. The deal marks Lithia's entry into these Florida markets and expands its import and luxury retail footprint, funded using existing on‑balance sheet capacity.
- Targets
- Three Duval Motor Company dealerships (Acura, Honda and Subaru in Jacksonville and Gainesville, Florida)
- Sellers
- Duval Motor Company
- Industry
- Automotive
- Location
- Florida, United States
- Transaction Type
- Buyout
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