Larry H. Miller Dealerships just welcomed three new stores into the family.
LHM Dealerships on Tuesday announced the acquisition of three stores in Colorado, with the purchase of Cherry Creek Dodge in Denver, Fiat of Denver and Colorado Chrysler Jeep in Aurora. The dealership group owns 11 stores in Colorado after this move.
“We’ve been strategic in our approach to growth and in finding opportunities that are a win-win for the seller, employees and our company. Denver is a strong market for us and these brands are a great fit with our business model,” Dean Fitzpatrick, president of Larry H. Miller Dealerships, said in a news release. “With the acquisition of these dealerships, we are able to employ more Denver residents and deepen our connection and commitment to the community.”
LHM Dealerships, which operates 58 stores in seven states, said that it will retain all current employees of the newly acquired stores. This increases LHM's employee base in Colorado to more than 1,000.
Doug Moreland sold the three Denver area stores to LHM. Moreland, who sold seven Arizona locations to LHM in 2013, said he’s always been “appreciative of the way the LHM Dealerships group conducts business and takes care of its employees. ... Their focus on customer service, community and giving back assures me that these stores and our customers will be in good hands.”
All three locations will be renamed to reflect their new ownership by Larry H. Miller Dealership group.