Carbone Auto Group Sold To Lithia Motors
The Carbone Auto Group has been sold to Lithia Motors, which is based in Medford, Oregon.
Officials with Lithia say the addition of Carbone further expands their growth potential in the Northeast and across the United States.
Bryan DeBoer, President and Chief Executive Officer, commented, "We're excited to welcome Enessa and Alex Carbone and the entire Carbone team to our family and look forward to sharing best practices to inspire continuous improvement. For over 85 years, Carbone has served their local communities in upstate New York."
Carbone Auto Group, which operates nine stores in central New York and Vermont, is estimated to generate over $600 million in annual sales.
The purchase price was not disclosed.