Lithia & Driveway announced the purchase of Wade Ford in Smyrna, Georgia, expanding its reach in the Southeast Region and adding an estimated $285M in annualized revenue. The Wade Ford purchase is projected to bring Lithia & Driveway’s total year-to-date expected annualized revenue acquired to $3.5B and $17.5B since announcing its 2025 Plan to achieve $50B in revenue. LAD has accomplished 70% of its 2025 Plan network development target of $25B. The acquisition was financed using existing on-balance sheet capacity.
Published first on TheFly
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