M&A Deal Summary

Lithia Motors Acquires The Suburban Collection - 56 Dealership Franchise

On April 13, 2021, Lithia Motors acquired automotive company The Suburban Collection - 56 Dealership Franchise from The Suburban Collection

Acquisition Highlights
  • This is Lithia Motors’ 11th transaction in the Automotive sector.
  • This is Lithia Motors’ 16th transaction in the United States.
  • This is Lithia Motors’ 1st transaction in Michigan.

M&A Deal Summary
Date 2021-04-13
Target The Suburban Collection - 56 Dealership Franchise
Sector Automotive
Buyer(s) Lithia Motors
Sellers(s) The Suburban Collection
Deal Type Divestiture

Target

The Suburban Collection - 56 Dealership Franchise

Troy, Michigan, United States
The Suburban Collection's 56 Dealership Franchise is a car dealer group.

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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 16 of 21
Sector (Automotive) 11 of 15
Type (Divestiture) 2 of 2
State (Michigan) 1 of 1
Country (United States) 16 of 21
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Fink Auto Group

Tampa, Florida, United States

Fink Automotive Group consists of seven new vehicle dealership franchises in the greater Tampa market. Fink Automotive Group’s dealerships include Hyundai of New Port Richey, Genesis of New Port Richey, Volkswagen of New Port Richey, Hyundai of Wesley Chapel, Genesis of Wesley Chapel, Mazda of Wesley Chapel, and Chevrolet of Wesley Chapel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Subaru of Mobile

South Mobile, Alabama, United States

Subaru of Mobile is a provider of a vast selection of new and used vehicles, exceptional car care, and customer service with a smile. Subaru of Mobile is based in South Mobile, Alabama.

Buy -

Seller(S) 1

SELLER

The Suburban Collection

Troy, Michigan, United States
Category Company
Founded 1948
Sector Automotive
DESCRIPTION

The Suburban Collection is a car dealer group, that represents 33 world-class franchises, with our 7,500 New and Used vehicles to choose from. The Suburban Collection was founded in 1948 and based in Troy, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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