Lithia Motors purchased nine dealerships from Lehman Auto World with the help of Haig Partners LLC, a well-known buy/sell advisor. Haig Partners represented the sell-side of the transaction. Lenham Auto World is especially popular and well-known in Miami, Florida. The group consists of Largo Honda, Doral Hyundai, Doral Kia, Doral Genesis, Lehman Subaru, Lehman Hyundai, Lehman Buick-GMC, Lehman Genesis, and Lehman Mitsubishi. Lithia now also owns Esseman International, which is also located in Florida.
The acquisition of these nine dealerships, eleven in total with partnerships, adds approximately $850M in annualized revenue. The past owner of Lehman Auto World is set to retire. William “Bill” Lehman, Jr. is 81 and has been running his chain of dealerships for years but is ready to sit back and enjoy the slower side of life. Bill thanked the intelligent team at Haig Partners for their help and for ensuring the process was smooth and without issue.
Bill entered the dealership world in 1967 when he took over his father’s Buick dealership in North Miami. He is charitable and donates money and time to his South Florida community. Lithia Motors is ranked second in the 2022 Automotive News Top 150 Dealership Groups, with over 260,000 new vehicle sales in 2021.
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