Lithia Motors Inc. has purchased nine dealerships from the Keyes Automotive Group estimated to generate $1.4 billion in annual revenue as the nation's third-largest new-vehicle retailer continues to grow.
Lithia said Tuesday that it acquired nine of Keyes' 14 stores, adding to its presence in Southern California and providing entry into the Phoenix market. The acquisition closed Nov. 2. Terms were not disclosed.
Kerrigan Advisors is honored to work with auto retailers throughout the US to enhance the value of their enterprise. Learn more about our services below:
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Capital raising and partnership structuring for growing dealership groups, supported by the largest investor database in the industry.
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