Lithia Motors announced its two latest store acquisitions on Friday, both of which are located in the Northwest.

The company said it has acquired Vic Alfonso Cadillac and Braley & Graham Buick GMC, both located in Portland, Ore.

The stores will be renamed Buick GMC of Beaverton and Cadillac of Portland Lloyd Center, and are expected to add $60 million in estimated annual revenues.

"We are pleased to expand our operations in the Portland market with the addition of two General Motors stores, bringing the total number of stores we operate in the area to seven,” said Bryan DeBoer, president and chief executive officer.

“These acquisitions make us the exclusive Cadillac dealer in Portland, increasing our existing luxury platform of BMW and Mercedes Benz stores in the metropolitan area," he added.

As the eighth largest automotive retailer in the U.S., Lithia Motors sells 28 brands of new vehicles and all brands of used vehicles, at 101 stores across 12 states.