Currently reading: US dealer group Lithia completes Pendragon takeover
Sale caps a year-long period in which North American firms have bought some of UK’s biggest dealer groups

US dealer group Lithia has completed its purchase of Pendragon, parent company of the Evans Halshaw and Stratstone brands.

This caps a 12-month period in which North American firms have taken over some of the UK’s biggest dealer groups.

Its successful bid of £397 million saw off the challenge of a joint bid from US rival Penske and Sweden’s Hedin Group. 

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