Friday, 01 October 2021 14:13

LMP to Close on White Plains Chrysler Dodge Jeep Ram Dealership in NY by Oct. 6


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LMP Automotive Holdings, Inc., an e-commerce and facilities-based automotive retailer in the U.S., on Oct. 1 announced the closing of its acquisition of White Plains Chrysler Dodge Jeep Ram Dealership in New York is expected to be completed by Oct. 6.

The acquisition was initially expected to close Oct. 1.


The Chrysler Dodge Jeep Ram franchises are located at 70 Westchester Avenue, White Plains, NY 10601.


“First, in advance of the close I would like to welcome Jonathan Grant to the LMP organization," said Richard Aldahan, LMP’s COO. "Upon the closing of the acquisition, Mr. Grant will be regional vice president at LMP, partner, as well as dealer operator of the acquired dealership. I look forward to working with him.


"This acquisition will further expand our management team and Northeast footprint," Aldahan continued. "We intend to partner with Jonathan upon closings in several more of our contracted acquisitions in the Northeast along with their respective senior managers as well as continuing to expand aggressively in this region as we are seeing continued interest in our dealer partner model.


“The operating assets to be acquired include four new vehicle franchises consisting of: one Chrysler, one Dodge, one Jeep and one Ram.”


“This acquisition marks the beginning of our rolling close process in the Northeast as previously announced," said Sam Tawfik, LMP’s CEO. "I also would like to welcome Jonathan Grant and his team to the LMP organization. In working with Jonathan during the course of this year and witnessing...

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