MEDFORD, OR — Lithia Motors, Inc. (NYSE: LAD) announced this week it acquired Connell Chevrolet in Killeen, Texas. The store will be named All American Chevrolet of Killeen, and adds $60 million in estimated annual revenues.
Bryan DeBoer, President and Chief Executive Officer, commented, “We are excited to expand our operations in the state of Texas. The Connells are an important part of the Killeen community and we look forward to continuing the proud heritage they have built. We would like to extend a warm welcome to the 55 employees who are joining our team.”
Lithia Motors, Inc. is the ninth largest automotive retailer in the United States. Lithia sells 28 brands of new and all brands of used vehicles at 86 stores, which are located in 11 states. Lithia also arranges finance, warranty, and credit insurance contracts; and provides vehicle parts, maintenance, and repair services at all of its locations.