Lithia & Driveway has acquired the Napleton Automotive Group for an undisclosed amount, significantly expanding its footprint in the automotive retail sector through this corporate purchase. This transaction represents a definitive change of ownership, not a funding round for either company.
Established in 1931 by Edward W. Napleton, the Napleton Automotive Group has grown from a single service station into a prominent family-owned enterprise. Spanning 50 dealerships across seven states, including Illinois, Indiana, Missouri, Wisconsin, Pennsylvania, and Florida, Napleton is known for its dedication to customer service and a diverse portfolio of domestic, import, and high-line franchises. The group currently employs over 3,000 individuals, upholding a legacy of integrity and community involvement under the leadership of Edward F. (Ed) Napleton and his children.
This strategic acquisition allows Lithia & Driveway to integrate a well-established network with deep market roots and a strong operational history. The move enhances Lithia's geographic presence and market share, particularly in the Midwest and Southeast regions where Napleton has a significant presence. Expected synergies include operational efficiencies and a broadened customer reach through the combined entity's expanded dealership network and service offerings, leveraging Napleton's proven business model.
The integration of Napleton Automotive Group into Lithia & Driveway is set to create a more robust and expansive automotive retail platform. The combined entity is expected to continue focusing on delivering comprehensive automotive solutions and exceptional customer experiences across an expanded geographical landscape.