Driving the news: Lithia Motors $LAD ( ▲ 3.0% ) has acquired Stivers Subaru in Decatur, Georgia, including the dealership's real estate, from brothers Johnny and Eddie Stivers, according to deal advisors The Presidio Group.
For context: The Stivers family continues to operate several other dealerships and characterized the sale as a strategic portfolio move rather than an exit from the business.
What they're saying: “Demand for Subaru stores and the market’s overall pace of dealership M&A activity continue to be robust,” said George Karolis, president of The Presidio Group.
Big picture: Subaru's consistent ranking as one of the most desirable brands keeps buyer competition fierce, particularly in growth markets like Atlanta where mega-dealers like Lithia are aggressively expanding.
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