M&A TRANSACTION · 2024
Pendragon PLC UK Motor and Fleet Management Divisions acquired by Lithia & Driveway
$500.0M· 0.11x revenue
Target
Pendragon PLC UK Motor and Fleet Management Divisions
United Kingdom
UK motor retail business including Stratstone and Evans Halshaw franchised dealerships, Evans Halshaw Carstore used car supermarkets, and fleet management division
Acquirer
Lithia & Driveway
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$4500.0M
EBITDA
—
Deal Value
$500.0M
EV/EBITDA
—
Context
This $500.0M acquisition of Pendragon PLC UK Motor and Fleet Management Divisions by Lithia & Driveway sits in the auto dealership sub-vertical. Lithia & Driveway is acquiring as a strategic buyer; see how strategic acquirers typically price auto dealership businesses on our Auto Dealership strategic buyer-pool page.
Source
Data sourced from Lithia & Driveway Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
Value your own auto dealership
Get an instant valuation range for your business. Backed by 25,592 real M&A transactions.
Compare your business to the Pendragon PLC UK Motor and Fleet Management Divisions acquisition.