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Lithia acquires The Suburban Collection

Lithia acquires The Suburban Collection
Photo courtesy of Lithia Motors & Driveway
Tuesday, Apr. 13, 2021, 01:43 PM
By Auto Remarketing Staff
CARY, N.C. -
In what the retailer says is one of the largest purchases ever in terms of franchise count, Lithia Motors & Driveway announced Tuesday that it has purchased The Suburban Collection.
The Troy, Mich.-headquartered Suburban Collection includes 56 franchises, with 33 brands across 34 locations. It is also Lithia s first major entry into the North Central region.
Lithia anticipates the purchase will add $2.4 billion in annualized revenues, bringing its total expected annualized revenues acquired to $6.5 billion since it announced a five-year plan nine months ago. ....

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Lithia expands in Southwest with latest purchase

Lithia expands in Southwest with latest purchase
autoremarketing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoremarketing.com Daily Mail and Mail on Sunday newspapers.

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The Presidio Group Advises on the Sale of Fink Automotive Group

Press release content from Business Wire. The AP news staff was not involved in its creation.
The Presidio Group Advises on the Sale of Fink Automotive Group
March 2, 2021 GMT
TAMPA, Fla. (BUSINESS WIRE) Mar 2, 2021
The Presidio Group LLC (“Presidio”), a leading investment bank specializing in retail automotive and related M&A transactions, exclusively advised Scott Fink, President of Fink Automotive Group, on the sale of seven new vehicle dealership franchises in the greater Tampa market to Lithia Motors, Inc. (“Lithia”) [NYSE: LAD].
“The buy sell market is especially strong right now and we knew that joining efforts with a larger group was the best way to ensure that our dealerships will continue to be market leaders in today’s fast-changing auto retail environment,” said Scott Fink, President of Fink Automotive Group. “Lithia has the resources to elevate our dealerships to the next level of sophistication.” ....

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