Lithia Motors Inc. has entered Georgia with the acquisition of a Honda retailer and individually purchased a Chrysler-Dodge-Jeep-Ram-Fiat dealership in Southern California.

Each transactions closed on Monday.

Mixed, the 2 acquisitions will add an anticipated $320 million to Lithia’s annual income.

Lithia purchased Curry Honda in Chamblee, Ga., northeast of Atlanta, from Bernie Curry. Lithia is maintaining the dealership’s title.

DCG Acquisitions, a Dave Cantin Group firm, represented Curry within the transaction.

Georgia is the most recent Southeast state that Lithia has entered. In July, Lithia purchased its first dealership in Alabama and acquired its first Mississippi retailer in June.

Lithia additionally acquired Orange Coast Chrysler-Jeep-Dodge-Ram-Fiat in Costa Mesa, Calif., in Orange County, from Jon Grey.

Grey, a previous chairman of the Stellantis, then generally known as FCA, Nationwide Seller Council, is staying on as common supervisor and the dealership’s title is staying the identical, Lithia stated. Neither social gathering used a dealer within the Costa Mesa transaction.

Phrases weren’t disclosed, however Lithia stated it paid for the 2 dealerships utilizing present steadiness sheet funding.

“As we attempt to carry seamless on-line and offline experiences to shoppers all through North America, we’re ecstatic to welcome these two high-performing dealership groups to the household,” Lithia CEO Bryan DeBoer stated in a press release. “These additions assist us develop our omnichannel community and attain our objective of delivering and servicing shopper automobiles inside a 100-mile radius wherever within the nation.”

Omnichannel is digital buying expertise that gives a seamless shopping for expertise for shoppers no matter gadget or whether or not they store on-line, in-store or each.

The acquisitions are Lithia’s first because it acquired Canadian retailer Pfaff Automotive Companions on Aug. 30.

Lithia, of Medford, Ore., ranked No. 3 on Automotive Information‘ most up-to-date listing of the highest 150 dealership teams primarily based within the U.S., retailing 171,168 new automobiles in 2020. However its April acquisition of Michigan’s Suburban Assortment makes Lithia the second-largest group going ahead.