Lithia Motors Acquires Henderson Hyundai Superstore/Genesis

Lithia & Driveway Acquires Rock Honda

August 24, 2021

Automotive

Lithia & Driveway (LAD) acquired Rock Honda, a Top 20 Honda new-volume dealership located in Fontana, California. The dealership is expected to generate approximately $170 million in annualized revenue and expands LAD's omni-channel network and consumer insurance offerings; the purchase was financed using LAD's on-balance-sheet capacity.

Lithia & Driveway Acquires Two Mercedes‑Benz Dealerships from the Higginbotham Family

June 2, 2025

Automotive

Lithia & Driveway (Lithia Motors, Inc.) has acquired Mercedes‑Benz of Jackson (Mississippi) and Mercedes‑Benz of Collierville (Tennessee), including associated real estate, from members of the Higginbotham family. The purchases expand Lithia's luxury-brand footprint and store density in the Southeast as part of its continued acquisition strategy.

Lithia Motors Acquires Nine Dealerships from Keyes Automotive Group

November 10, 2020

Automotive

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.

Lithia Motors Acquires Wade Ford from Steve Ewing

July 18, 2023

Automotive

Lithia Motors has purchased Wade Ford, a franchised Ford dealership in the Atlanta metro, from owner Steve Ewing. The acquisition — brokered by Pinnacle Mergers & Acquisitions — is expected to contribute to Lithia's revenue growth and expand its government fleet presence, with Lithia projecting an incremental $285 million in annual revenue.

Penske Automotive Group Acquires Terry Lee Hyundai & Genesis of Noblesville

May 3, 2022

Automotive

Penske Automotive Group has acquired Terry Lee Hyundai and Genesis of Noblesville from owner Terry Lee. The acquisition expands Penske's franchise footprint in the Indianapolis metropolitan market and brings the dealerships' employees under Penske's operations.

Lithia & Driveway Acquires Subaru of Mobile and Michael's Subaru of Bellevue

July 27, 2021

Transportation

Lithia & Driveway (LAD) has acquired Subaru of Mobile in Mobile, Alabama and Michael's Subaru in Bellevue, Washington. The acquisitions expand LAD's footprint in the Southeast and Northwest regions, add approximately $155 million of expected annualized revenue, and were financed using existing on-balance sheet capacity.