Lithia & Driveway (LAD) Continues Canadian Expansion with the Addition of Sisley Honda
MEDFORD, Ore., May 3, 2022 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) and Pfaff Automotive Partners today announced the first addition to their Canadian portfolio, Sisley Honda, based in Thornhill, Ontario. The addition of Sisley Honda, one of the highest-volume Honda dealerships in Canada, increases LAD's Canadian footprint with a strong, mainstream import brand.
"We are excited to welcome the Sisley Honda team to our Lithia & Driveway family," said Bryan DeBoer, Lithia & Driveway's President and CEO. "With this addition we are able to expand our omni-channel network in Canada, strengthening our position in one of the top Canadian markets."
Like LAD and Pfaff, Sisley is a multi-generational family business; it was founded in 1946 and has represented the Honda brand for 45 years. Sisley is also a green leader, recognized by Honda Canada in 2021 for having cut energy consumption by 30%.
The addition of Sisley Honda brings LAD's total expected annualized revenue acquired in 2022 to over $1.2 billion. The company is pacing to exceed its 2025 plan to reach $50 billion in revenue and more than $55 in EPS. This acquisition was financed using existing on-balance sheet capacity.
About Lithia & Driveway (LAD):
LAD is a growth company focused on profitably consolidating the largest retail sector in North America through providing personal transportation solutions wherever, whenever, and however consumers desire.
Sites
www.lithia.com
www.pfaffauto.com
www.investors.lithiadriveway.com
www.lithiacareers.com
www.driveway.com
www.greencars.com
www.drivewayfinancecorp.com
Lithia & Driveway on Facebook
https://www.facebook.com/LithiaMotors
https://www.facebook.com/DrivewayHQ
Lithia & Driveway on Twitter
https://twitter.com/lithiamotors
https://twitter.com/DrivewayHQ
https://twitter.com/GreenCarsHQ
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SOURCE Lithia Motors, Inc.
