M&A Deal Summary

Lithia Motors Acquires Carousel Motor Group

On February 27, 2024, Lithia Motors acquired automotive company Carousel Motor Group

Acquisition Highlights
  • This is Lithia Motors’ 15th transaction in the Automotive sector.
  • This is Lithia Motors’ 21st transaction in the United States.
  • This is Lithia Motors’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2024-02-27
Target Carousel Motor Group
Sector Automotive
Buyer(s) Lithia Motors
Deal Type Add-on Acquisition

Target

Carousel Motor Group

Minneapolis, Minnesota, United States
Carousel Motor Group is a dealership serving the Twin Cities region with a distinctive portfolio of automotive brands. Carousel Motor Group is based in Minneapolis, Minnesota.

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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 21 of 21
Sector (Automotive) 15 of 15
Type (Add-on Acquisition) 19 of 19
State (Minnesota) 1 of 1
Country (United States) 21 of 21
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-20 Airstream Adventures

Clackamas, Oregon, United States

Airstream Adventures is an airstream dealership group provide the inspiration and freedom to explore new lands, rekindle old adventures. Airstream Adventures was founded in 2010 and is based in Clackamas, Oregon.

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