Lithia & Driveway Expands in Texas
Published Nov. 30, 2022
Lithia & Driveway announced Nov. 29 it has expanded its footprint in Texas with the purchase of Meador Chrysler, Dodge, Jeep, Ram (CDJR), the second largest CDJR store in the Dallas/Fort Worth area.
"We are thrilled to welcome this experienced and dedicated team to the Lithia & Driveaway family," said Bryan DeBoer, Lithia & Driveway president and CEO. "Meador CDJR has a long-standing reputation for delivering exceptional service, earning them the FCA Customer First Award for Excellence."
Meador CDJR is located in Fort Worth and serves the greater Dallas-Fort Worth area. The store is projected to generate more than $200 million in annualized revenue, bringing LAD's total expected annualized revenue acquired in 2022 to over $3.3 billion.
This acquisition continues the expansion of LAD's nation-wide network as part of the company's 2025 plan to reach $50 billion in revenue and $55 to $60 in EPS.
Source: Lithia & Driveway