Lithia buys Ford store
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MEDFORD, Ore. –
On Tuesday, Lithia Motors announced the acquisition of Honolulu Ford in Honolulu, Hawaii.
"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,” said Bryan DeBoer, Lithia president and chief executive officer. “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.”
The store brings an additional $90 million in estimated annual revenues.
“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," said DeBoer.
