Lithia Stays Active With Purchase of Southern Mercedes-Benz Stores

Lithia Motors Inc. has acquired Mercedes-Benz of Jackson (Miss.) and Mercedes-Benz of Collier (Tenn.) from the Higginbotham family in a deal brokered by the Presidio Group. The deal also includes the land both stores sit on.
Lithia expands its presence in both markets, where the group already operates Toyota of Jackson and Sunrise Chevrolet Buick GMC in Collierville as well as Sunrise Buick GMC in nearby Wolfchase and West Knoxville CJDR in Knoxville.
“This purchase allows us to expand our presence in Mississippi and Tennessee, two strategic markets for our company. We are always excited to see acquisition opportunities from Presidio given its professionalism and top-notch processes,” Lithia President and CEO Bryan DeBoer writes, in part, in a release.
Lithia has been active on both sides of the dealership M&A market, including an exit from the West Virginia market following a recent three-dealership sale to Atlantic Coast Automotive Group.