Lithia & Driveway acquires three stores from Duval Motor Company to expand its retail network in Florida
Acquiring Company
Lithia Motors
Acquired Company
Duval Motor Company
MedfordJacksonvilleCommerce and ShoppingRetailAutomotiveManufacturingRetailDescription
Lithia & Driveway (NYSE: LAD) has expanded its footprint in the highly profitable U.S. Southeast Region with the purchase of Acura, Honda, and Subaru stores from the Duval Motor Company in Jacksonville and Gainesville, Florida. These additions will strengthen LAD's import and luxury store footprint in Florida and extend the geographic reach of the company's retail network, reinforcing its commitment to providing exceptional retail experiences.
Quick answer
Lithia Motors is acquiring Duval Motor Company, announced September 10, 2024. Lithia Motors is based in Medford, Oregon, United States.
- How much did Lithia Motors pay for Duval Motor Company?
- The deal value was not disclosed.
- What does Lithia Motors do?
- Lithia Motors is a leading automotive retailer providing a variety of vehicles and services.
- Where are Lithia Motors and Duval Motor Company based?
- Lithia Motors is based in Medford, Oregon, United States. Duval Motor Company is based in Jacksonville, North Carolina, United States.
- Who are the decision-makers at Lithia Motors?
- Fundz holds 3 contacts at Lithia Motors. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Lithia Motors, and when
When Lithia Motors changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Lithia Motors raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Lithia Motors, from your own LinkedIn network
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Frequently asked
Who acquired Duval Motor Company?
Duval Motor Company was acquired by Lithia Motors, based in Medford. The deal was reported on September 10, 2024. Lithia Motors is a leading automotive retailer providing a variety of vehicles and services. The company focuses on enhancing its market presence through strategic acquisitions. Lithia Motors is publicly traded (LAD) and operates in Commerce and Shopping.
When did Lithia Motors acquire Duval Motor Company?
Lithia Motors's acquisition of Duval Motor Company was reported on September 10, 2024. Lithia & Driveway (NYSE: LAD) has expanded its footprint in the highly profitable U.S. Southeast Region with the purchase of Acura, Honda, and Subaru stores from the Duval Motor Company in Jacksonville and Gainesville, Florida. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Duval Motor Company do?
In 1916, the Duval Motor Company opened its first dealership. Back then a car represented the promise of being in control of where you were going, enjoying the journey. It is privately held, operating in Manufacturing, and is based in Jacksonville.
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