Oregon's Lithia Motors likely acquiring Acura of Honolulu - Pacific Business News (Honolulu)

, one of the largest automobile retailers in the United States, which last year acquired three Hawaii dealerships, is likely the buyer of Acura of Honolulu, according to a source close to the deal and public records. Lithia Motors (NYSE: LAD) purchased the Honolulu Buick GMC Cadillac dealership and the Honolulu Volkswagen dealership from Hawaii Auto Group in 2014. The Medford, Oregon-based company, the ninth-largest auto retailer in the country with more than... Last month, PBN first reported that Hawaii Automotive LLC, which does business as Acura of Honolulu, has been purchased by an unnamed buyer, in a deal that’s expected to close on Sept. A source with knowledge of the deal confirmed to PBN that Lithia Motors is buying Acura of Honolulu. Lithia Motors also has filed a new business in Hawaii called “Lithia of Honolulu-A Inc. Before it acquired Honolulu Buick GMC Cadillac and Honolulu Volkswagen, Lithia Motors registered “Lithia of Honolulu-BGMCC LLC” and “Lithia of Honolulu-V LLC” as new businesses in Hawaii. Lithia Motors also formed “Lithia of Maui-H LLC” as a new business for the Kitagawa Motors’ Island Honda purchase. Source: www.bizjournals.com