The Presidio Group Exclusively Advised Lancaster County Motors on the Sale of Mercedes-Benz of Medford to Lithia Motors
The Medford sale represents the 22nd Mercedes-Benz dealership sold in Presidio-advised transactions
The Presidio Group LLC ("Presidio"), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Lancaster County Motors ("Lancaster") on the sale of Mercedes-Benz of Medford in Medford, Ore., to Lithia Motors Inc. ("Lithia").
The transaction, which included related real estate, closed Feb. 23. Mercedes-Benz of Medford was Lancaster's only dealership outside Pennsylvania. The dealership is located just a few miles from Lithia's global headquarters, also in Medford.
For Presidio, the sale of the Medford store marks the 22nd Mercedes-Benz dealership that has changed hands in transactions in which the firm served as an advisor.
Lancaster's decision to sell Mercedes-Benz of Medford put the dealership in the hands of a buyer deeply rooted in the local market.
"While Mercedes-Benz of Medford has been an important part of our organization, we thought it best to refocus our operations for the long term with an eye closer to our home market," said Chris Boland, owner of Lancaster County Motors. "Lithia's long-standing presence in Medford and its passion for the Mercedes-Benz brand make it the ideal steward for the store, our employees and our customers. The Presidio Group's expert guidance during this process ensured a topnotch result that we believe is right for all stakeholders."
For Lithia, the acquisition further strengthens its hometown footprint and underscores its commitment to the Mercedes-Benz brand and the Medford community.
"Mercedes-Benz of Medford is a natural fit for Lithia," said Bryan DeBoer, CEO of Lithia Motors. "We have a deep connection to this community and a long-standing appreciation for the Mercedes-Benz brand, and this dealership brings those two passions together. This purchase further expands our representation of this tremendous brand, as well as our presence in the luxury market. We appreciate the role the Presidio team played in bringing this deal together — as always, they are the utmost professionals in shepherding a transaction."
In addition to the newly acquired Medford dealership, Lithia also recently expanded with the Mercedes-Benz brand with its 2025 purchase of two dealerships in Mississippi and Tennessee, another transaction facilitated by Presidio.
"From the outset, it was clear there was a best buyer that was the right fit for Mercedes-Benz of Medford," said George Karolis, president of The Presidio Group. "Lithia's combination of hometown presence and long-term commitment to the Mercedes-Benz brand made this a straightforward, perfect-fit transaction. We continue to see strong interest in high-quality Mercedes-Benz stores, underscoring the strength of today's buy-sell environment. We are honored to have represented Lancaster County Motors in a transaction that positions this store for continued success under local ownership."
Presidio is one of the industry's leading advisors on transactions involving Mercedes-Benz stores. This is the third Mercedes-Benz dealership sold in Presidio-advised transactions so far this year. The Presidio Group has advised on the sale or purchase of 22 Mercedes-Benz dealerships in total, including four in 2025.
Charles H. Rieck IV of Blakinger Thomas provided legal counsel to Lancaster County Motors. Lithia's in-house legal team provided legal counsel to Lithia Motors.
The Presidio Group provided exclusive M&A advisory services to Lancaster County Motors through its wholly owned investment bank, Presidio Merchant Partners LLC.
About Lancaster County Motors
Lancaster County Motors is a family-owned dealership group based in East Petersburg, Penn., and operating since 1935. Company dealerships include Lancaster County Motors Subaru, Lancaster Hyundai, Lancaster County Kia, Mercedes-Benz of Lancaster, Providence Autos and LCM Used Cars. Known for its commitment to excellence and customer care, Lancaster County Motors focuses on meeting and exceeding guest expectations through knowledgeable sales staff, a wide selection of vehicles and a full range of service and financing options. For more information, visit www.lancastercountymotors.com.
About Lithia & Driveway
Lithia & Driveway (NYSE:LAD) is the largest global automotive retailer, making Auto Done Easy by providing simple, transparent and convenient experiences throughout the ownership lifecycle. LAD helps customers take care of any vehicle need through a comprehensive network of physical locations, e-commerce platforms, captive finance solutions, fleet management offerings and other synergistic adjacencies. Celebrating 80 years in business in 2026, LAD consistently delivers profitable growth in a massive and unconsolidated industry. Its highly diversified and competitively differentiated design provides LAD with the flexibility and scale to pursue its vision to modernize personal transportation solutions wherever, whenever and however consumers desire. For more information, visit www.lithia.com.
About The Presidio Group LLC
The Presidio Group was founded in 1998 with the simple mission to relentlessly put the interests of our clients first. By steadfastly adhering to this philosophy, the firm has earned the trust of clients throughout the United States. During their careers, the professionals at Presidio have collectively closed more than 300 transactions for over $20.0 billion. The Presidio Group, based in Denver and Atlanta, publishes Presidio Perspectives: A Quarterly Outlook on Auto Retail and M&A Trends, a leading source of information about the automotive retail landscape. Presidio Merchant Partners LLC is a subsidiary of The Presidio Group LLC and is a member of FINRA and SIPC. For more information on Presidio, visit www.thepresidiogroup.com.
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George Karolis
(678) 831-5520
gkarolis@thepresidiogroup.com
Lauren Pfohl
(404) 434-1837
lpfohl@thepresidiogroup.com