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Announced

Completed

Lithia & Driveway completed the acquisition of nine Lehman Auto World stores and two Esserman International stores.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Completed

Specialty Retailers

Majority

Acquisition

Domestic

United States

car dealership

Friendly

Private

Synopsis

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Lithia & Driveway, an automotive dealership group, completed the acquisition of nine Lehman Auto World stores and two Esserman International stores. Financial terms were not disclosed. "We are thrilled to welcome these teams to our Lithia & Driveway family. The Lehman family has deep roots in south Florida, serving the community for over 86 years. Under its leadership, the stores have achieved a reputation for earning lifelong customers with their impeccable level of service," Bryan DeBoer, Lithia & Driveway President and CEO.

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