Lithia Motors (LAD) Acquires O'Brien Auto Group Stores
Tweet
Share
E-mailGet Alerts LAD Hot Sheet
Join SI Premium – FREE
Lithia Motors, Inc. (NYSE: LAD) announced that today it acquired the O'Brien Auto Group of Salem in Salem, Oregon. The stores will be named BMW of Salem, Honda of Salem and Volkswagen of Salem, and add $110 million in estimated annual revenues.
Bryan DeBoer, President and Chief Executive Officer, commented, "We are pleased to expand our presence in Lithia's home state of Oregon. These stores fit our strategy of seeking exclusive franchises in the markets we serve. The opportunity to deepen our relationship with manufacturer partners like BMW, Honda and Volkswagen is a key to achieving our acquisition growth objectives."
Bryan DeBoer, President and Chief Executive Officer, commented, "We are pleased to expand our presence in Lithia's home state of Oregon. These stores fit our strategy of seeking exclusive franchises in the markets we serve. The opportunity to deepen our relationship with manufacturer partners like BMW, Honda and Volkswagen is a key to achieving our acquisition growth objectives."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Altria adds Refresco CEO Steve Presley to its board
- Cosmos Health retires $8M convertible note a year early, buys back stock
- Novavax's Nuvaxovid wins approval in U.S., EU, Japan for 2026-2027
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
