Lithia & Driveway announced the company’s expansion into United Kingdom with Jardine Motors Group. The group operates more than 50 premium luxury retail locations and is expected to generate over $2B USD in annualized revenues. The business represents the UK operations and has been owned by Jardine Matheson, an Asian-based group. This addition brings LAD‘s annualized revenue in 2023 to over $2.1B. The acquisition was financed using existing on-balance sheet capacity.
Published first on TheFly
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