Lithia Motors Inc. has announced the completion of its acquisition of two Mercedes-Benz dealerships, marking a strategic expansion in the Southeast luxury market. The transaction, finalized on June 2, involves Mercedes-Benz of Jackson in Mississippi and Mercedes-Benz of Collierville in suburban Memphis, Tennessee. This acquisition allows Lithia to strengthen its presence in Mississippi and Tennessee, adding to its existing operations in these states. The Higginbotham family, previous owners of the dealerships, worked with The Presidio Group for the seamless sale process, ensuring a continuation of their family's automotive legacy.
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