Courtesy of Benzinga.
Lithia Motors, Inc. (NYSE: LAD) announced today 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.”
