M&A Deal Summary

Lithia Motors Acquires Access Ford

On April 2, 2014, Lithia Motors acquired automotive company Access Ford

Acquisition Highlights
  • This is Lithia Motors’ 5th transaction in the Automotive sector.
  • This is Lithia Motors’ 6th transaction in the United States.
  • This is Lithia Motors’ 1st transaction in Texas.

M&A Deal Summary
Date 2014-04-02
Target Access Ford
Sector Automotive
Buyer(s) Lithia Motors
Deal Type Add-on Acquisition

Target

Access Ford

Corpus Christi, Texas, United States
Access Ford Ltd. is an automobile dealership of new and pre-owned cars.

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Buyer(S) 1

Buyer

Lithia Motors

Medford, Oregon, United States
Category Company
Founded 1946
Sector Automotive
Employees27,446
Revenue 31.0B USD (2023)
DESCRIPTION

Lithia Motors is an automotive retailer that sells 30 brands of new vehicles and all brands of used vehicles at 129 stores in 14 states. Lithia also arranges finance, warranty, and credit insurance contracts; and provides vehicle parts, maintenance, and repair services at all of its locations. Lithia Motors was founded in 1946 and is based in Medford, Oregon.

DEAL STATS #
Overall 6 of 21
Sector (Automotive) 5 of 15
Type (Add-on Acquisition) 6 of 19
State (Texas) 1 of 2
Country (United States) 6 of 21
Year (2014) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-10 Hammer Lane Volkswagen

Stockton, California, United States

Hammer Lane Volkswagen, Inc. is an automobile dealership company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-15 DCH Auto Group

South Amboy, New Jersey, United States

DCH Auto Group comprises 27 auto dealerships in New Jersey, New York, and Southern California from Santa Barbara to San Diego, featuring a full line of new and pre-owned vehicles.

Buy $363M
Mergr

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