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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