Lithia & Driveway has purchased Sunrise Chevrolet Buick GMC at Collierville and Sunrise Buick GMC at Wolfchase in Memphis, Tennessee, and Woodbridge Hyundai in the greater Toronto area. Combined, these newly acquired stores are projected to generate over $240M in annualized revenue. The Sunrise stores in Tennessee mark LAD‘s debut in the Memphis market. These additions bring LAD’s total year-to-date expected annualized revenue acquired to over $5.6B. The acquisitions were financed using existing on-balance sheet capacity.
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