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Lithia & Driveway acquires Elk Grove Subaru

Mar 04, 2025•5 months ago

Acquiring Company

Lithia & Driveway

Acquired Company

Elk Grove Subaru

MedfordElk GroveRetailAutomotive

Description

Lithia & Driveway announced the acquisition of Elk Grove Subaru, enhancing its retail network in the Southwest region. This addition is expected to add $100 million in annual revenue. The move strengthens Lithia's strategy of expanding its footprint with high-performing dealerships.

Company Information

Company

Lithia & Driveway

Location

Medford, Oregon, United States

About

Lithia & Driveway (NYSE: LAD) is one of the largest global automotive retailers providing a wide array of products and services throughout the vehicle ownership lifecycle. Simple, convenient, and transparent experiences are offered through our comprehensive network of physical locations, e-commerce platforms, captive finance solutions and other synergistic adjacencies. We deliver consistent, profitable growth in a massive and unconsolidated industry. Our highly diversified and competitively differentiated design provides us the flexibility and scale to pursue our vision to modernize personal transportation solutions wherever, whenever and however consumers desire.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed