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LMP continues wave of acquisitions
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(LMPX) - LMP Automotive Appoints Robert Bellaflores As CFO
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LMP names new CFO
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LMP signs deal to buy majority share of 2 New York stores Wednesday, Mar. 31, 2021, 03:23 PM By Auto Remarketing Staff FORT LAUDERDALE, Fla. -
In its second acquisition-related move in less than a week, LMP Automotive Holdings said Tuesday it signed a definitive agreement to purchase 85% of both Central Avenue Chrysler Jeep and Chrysler Jeep of White Plains.
Both stores are located in the New York metro area: the former is located in Yonkers, N.Y.; the latter in White Plains, N.Y.
LMP anticipates the deal to close in June. The dealerships are expected to add annualized revenues of about $270 million and bump LMP’s respective total contracted and closed franchise and dealership count to 18 and 17, the retailer said.
With LMP closing first wave of purchases, public dealer group space grows
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