Lithia & Driveway (NYSE: LAD) today announced the acquisition of Stivers Decatur Subaru in the Atlanta market. This strategic move increases network density in the Southeast region and strengthens LAD's import mix, bringing in an estimated $100 million in annualized revenue.

"We are pleased to welcome Stivers Decatur Subaru to the Lithia & Driveway family. The Atlanta metro is a dynamic, growth market, and Subaru's loyal customer base aligns with our focus on lifetime ownership experiences," said Bryan DeBoer, Lithia & Driveway President and CEO. "This addition deepens our Southeast footprint and enhances our ability to deliver convenient, in-network sales and service, online and in-store, while advancing our disciplined growth strategy." 

This addition brings LAD's total year-to-date annualized U.S. revenue acquired to $720 million. This acquisition was financed using existing on-balance sheet capacity.