MEDFORD, Ore. –

Lithia Motors president and chief executive officer Bryan DeBoer projected it would be “an extremely busy second half” of the year pertaining to the dealer group’s acquisition activity. On Thursday, Lithia backed up DeBoer’s comments when the company shared its second-quarter financial results.

Lithia has acquired Kemp Ford in Thousand Oaks, Calif. The company indicated the store will be renamed DCH Ford of Thousand Oaks and will add $65 million in estimated annual revenues.

“We are pleased to welcome DCH Ford of Thousand Oaks to our team,” DeBoer said. “This store marks the third acquisition for our DCH platform this year and complements our existing operations in southern California.

“We are excited to expand our relationship with Ford and further diversify our brand mix,” continued DeBoer, who now has eight Blue Oval franchised stores in the portfolio. “We remain focused on continued acquisition growth within both rural and metropolitan markets in the future.”