Divestiture • Automotive

Lithia Motors Acquires John Eagle Automotive Group Co. - Dallas and Austin Dealerships

On August 4, 2020, Lithia Motors acquired automotive company John Eagle Automotive Group Co. - Dallas and Austin Dealerships from John Eagle Automotive Group Co.

Acquisition Context
  • This is Lithia Motors’ 9th transaction in the Automotive sector.
  • This is Lithia Motors’ 13th transaction in the United States.
  • This is Lithia Motors’ 2nd transaction in Texas.

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M&A Deal Summary

Date August 4, 2020
Target John Eagle Automotive Group Co. - Dallas and Austin Dealerships
Sector Automotive
Buyer(s) Lithia Motors
Sellers(s) John Eagle Automotive Group Co.
Deal Type Divestiture

Target Company

John Eagle Automotive Group Co. - Dallas and Austin Dealerships

Dallas, Texas, United States
John Eagle Automotive Group Co.'s Dallas and Austin Dealerships comprises dealerships of Howdy Honda in Austin, TX, Honda Cars of Rockwall in Rockwall, TX, and John Eagle Honda Dallas and Sport City Toyota in Dallas, TX.
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Buyer Overview 1

Buyer

Lithia Motors

Medford, Oregon, United States

Category Company
Founded 1946
Sector Automotive
Employees30,000
Revenue 36.2B USD (2024)
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 Context for Buyer #
Overall 13 of 23
Sector: Automotive 9 of 17
Type: Divestiture 1 of 2
State: Texas 2 of 2
Country: United States 13 of 23
Year: 2020 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Baierl Automotive

Wexford, Pennsylvania, United States

Baierl Automotive comprised of Toyota, Honda, Subaru, Ford, Chevrolet, Acura, Kia and Cadillac locations in the affluent retail area of Cranberry Township. On an annualized basis, Baierl is estimated to generate $500 million in revenue and $0.15 in earnings per share.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Keyes Automotive Group

Van Nuys, California, United States

Keyes Automotive Group has been family owned and operated for more than 50 years. It is comprised of 13 franchises and continues to grow with more than 1,000 employees. Keyes Automotive Group is based in Van Nuys, California.

Buy -

Seller Profile 1

SELLER

John Eagle Automotive Group Co.

Dallas, Texas, United States

Category Company
Founded 1963
Sector Automotive
DESCRIPTION

John Eagle Automotive Group Co. is an owner and operator of 10 automotive dealerships.


Deal Context for Seller #
Overall 1 of 1
Sector: Automotive 1 of 1
Type: Divestiture 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 Fisher-Haas Infiniti

Houston, Texas, United States

Fisher-Haas Infiniti, Inc. (Southwest Infiniti) is an operator of automotive dealerships.

Buy -