Lithia Motors (LAD) Acquires Honolulu Ford

November 22, 2016 7:01 AM EST

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Lithia Motors, Inc. (NYSE: LAD) has acquired Honolulu Ford in Honolulu, Hawaii. The store will add an additional $90 million in estimated annual revenues.

Bryan DeBoer, President and Chief Executive Officer, commented, "We are pleased to welcome the newest members of the Lithia family with the addition of Honolulu Ford, our fifth store in the state of Hawaii. Clustering locations in a condensed geographic area allows us to develop and share talent, leverage corporate overhead, and build on our positive reputation in the market. This store continues the cadence of acquisitions we have established in 2016 and brings our cumulative estimated annual revenues acquired to over $1.1 billion this year."

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