Lithia & Driveway Announces Purchase Of Wade Ford In Smyrna, Georgia; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Lithia & Driveway has announced the acquisition of Wade Ford in Smyrna, Georgia, which is expected to expand its reach in the Southeast Region and add an estimated $285 million in annualized revenue. The acquisition was financed using existing on-balance sheet capacity.
June 21, 2023 | 11:09 am
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Lithia & Driveway's acquisition of Wade Ford is expected to expand its reach in the Southeast Region and add $285 million in annualized revenue.
The acquisition of Wade Ford by Lithia & Driveway is expected to have a positive short-term impact on LAD's stock price. The acquisition expands the company's reach in the Southeast Region and adds a significant amount of annualized revenue, which should be seen as a positive development by investors.
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