Lithia, recognized as growth leader, keeps on growing with two more acquisitions
Screenshot courtesy of TIME.
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The beat goes on for Lithia & Driveway.
The most active dealership group in the M&A market has added two more dealerships, announcing the acquisition of two luxury stores in Southern California.
The purchase of Porsche Beverly Hills and Audi Santa Monica from Geoffrey Emery adds an estimated $450 million in annualized revenue, Lithia said in a news release, adding both stores “have the potential to be among the highest volume globally by brand.”
The acquisitions, which were financed using existing on-balance sheet capacity, bring Lithia’s total for this year to 13. The company said those additions are expected to generate annualized revenue of $2.1 billion.
Lithia, which operates 450 locations in the U.S., Canada and the U.K., has also sold four stores in 2025.
Lithia & Driveway president and CEO Bryan DeBoer called Porsche Beverly Hills and Audi Santa Monica “iconic dealerships rooted in two of the world’s most prestigious and globally recognized luxury automotive markets. These stores elevate our luxury mix, expand our ecosystem and will deliver meaningful, accretive earnings.
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“We’re excited to continue our growth by adding high-quality stores comfortably within our disciplined return hurdle rates.”
Selected for America’s Growth Leaders list
With all that acquisition activity, it should come as no surprise that Lithia & Driveway is one of the 501 publicly listed companies on TIME magazine’s list of America’s Growth Leaders, coming in at No. 165.
The list, compiled in partnership with Statista, recognizes the nation’s top-performing companies based on growth, financial stability and market performance.
Lithia said the places it “among the most dynamic and successful businesses driving innovation and economic progress across the U.S.”
The full list is available here.
