Driving the news: Jason Pittack, CEO of the Woodhouse Auto Family, acquired a luxury dealership from Lithia Motors, Inc., in a deal that closed May 28.
For context: Pittack purchased Ferrari of Denver in Highlands Ranch, Colorado.
The store name will remain, according to Pinnacle Mergers & Acquisitions, which represented Lithia in the sale.
Woodhouse Auto Family, of Omaha, Nebraska, owns more than 20 dealerships in multiple states, including Iowa.
Public retailer Lithia has been active this year, including its acquisitions of a Toyota store in Nashville in March and a Mercedes-Benz dealership in February.
What they’re saying: “Premium and luxury dealerships require a unique understanding of brand standards, customer relationships, and long-term market positioning,” Bill Scrivner, CEO of Pinnacle Mergers & Acquisitions, said in a release.
You can see this deal announcement and many more throughout the entire year by visiting the CDG Buy/Sell tracker at CDGbuysell.com, powered by:
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