Holland & Knight Represents Lithia & Driveway in Acquisitions in Florida
DENVER (July 5, 2022) – Holland & Knight advised Lithia & Driveway (NYSE: LAD) in connection with acquisitions to expand its footprint in South Florida.
Lithia & Driveway, a leading provider of personal transportation solutions in the United States, announced on June 28, 2022, the purchase of nine Lehman Auto World stores and two Esserman International stores in Miami-Dade County. Together, these 11 stores are projected to generate $850 million in annualized revenue. The additions of Lehman Auto World and Esserman International bring the company's total expected annualized revenue acquired in 2022 to more than $2.1 billion.
The Holland & Knight team was led by Partners Sarah Seedig and Stephen Dietrich. They were assisted by Partners Kyla Baker, Joseph Goldstein and Todd Keator and Associates Sean Belcher, Robert Erdman and Vanessa Madrid.