Lithia Continues Aggressive Expansion with Napleton West Palm Beach Dealership Acquisition
Dave Cantin Group is proud to have successfully managed the multi-dealership deal between Ed Napleton Automotive Group and Lithia & Driveway, with Dave Cantin managing this deal for the Dave Cantin Group. This deal includes West Palm Beach Hyundai, Napleton’s Palm Beach Acura, and Genesis of West Palm Beach.
This deal brings together two automotive powerhouses, Lithia & Driveway, as No. 1 in Automotive Retail on the Fortune 500 for the second year in a row, and Ed Napleton Automotive Group, which operates some 70 dealerships across 7 states.
“These high-opportunity stores expand our presence in the growing Southeast region, increasing the density of our omnichannel platform and improving the diversity of our brands,” said Bryan DeBoer, Lithia CEO. “These acquisitions reflect our continued focus on strategic growth powered by our disciplined approach to deploying capital and maximizing shareholder return.”
With this acquisition, Lithia’s total year-to-date expected annualized revenue acquired reaches $620 million. The West Palm Beach dealerships give Lithia stronger positioning in Florida’s growing market while adding premium brands Hyundai, Acura, and Genesis to their Southeast footprint.
Congratulations to both Ed Napleton Automotive Group and Lithia and Driveway on this milestone deal!
For years the Dave Cantin Group has served as a trusted partner to Lithia Motors, expertly navigating our nationwide acquisition and divestiture requirements. As the industry has evolved, so has DCG, developing new ways to help us strategically and proactively target opportunities like West Palm Beach Hyundai, Genesis, and Acura. Their comprehensive understanding of our business objectives has enabled them to work on our behalf on this transaction to secure yet another valuable asset for our portfolio.
Bryan DeBoer
President & CEO, Lithia Motors Inc.
About Dave Cantin Group
Dave Cantin Group is a leading automotive M&A advisory firm specializing in acquisitions, divestitures, platform management, business evaluations, and other corporate development services. The new retail reality requires automotive dealers to seek DCG’s collective best thinking, deep experience and extensive industry relationships to effectively leverage M&A as a core business strategy.
Clients choose DCG because we are a trusted advisor focusing on long-term relationships, investing in data and research, and engaging our entire team on every client project. Clients benefit from our industry-leading market intelligence – our Market Outlook Report – and JumpIQ, our proprietary AI-enabled platform delivering unprecedented visibility into automotive retail.
Our nonprofit initiative, DCG Giving, funds child and adolescent cancer research and treatment across the United States and supports other charitable causes important to the automotive retail community. To learn more, visit davecantingroup.com.
West Palm Beach Hyundai
Napleton’s Palm Beach Acura
Genesis of West Palm Beach
Genesis
Hyundai
Brian Traugott
Brian Gordon
Tony Karabon
