FORT LAUDERDALE, Fla. -

LMP Automotive Holdings said Monday it has signed a definitive agreement to buy a Chrysler Dodge Jeep Ram dealership in New York and its associated real estate.

Included in the purchase price is $11 million for goodwill and $8.2 million for the associated real estate. It is expected to be funded through cash on the company’s balance sheet and $5.6 million in common stock and debt financing.

The purchase is expected to close in the fourth quarter. It will likely add approximately $80 million in annualized revenue and $2.6 million in adjusted EBITDA.

“This acquisition will further expand our management team and Northeast footprint,” LMP chief operating officer Richard Aldahan said in a news release.

“We intend to continue expanding aggressively in this region as we are seeing a record amount of interest in our dealer partner model,” he said.

LMP chief executive officer Sam Tawfik said in a release: “This acquisition, combined with our previously announced acquisitions, would bring LMP’s total franchise and dealership count to 26 and 22, respectively, with consolidated annualized revenue, adjusted EBITDA and adjusted EBITDA per share run rate expected to be approximately $1.3 billion, $85 million, and $7.82, respectively.”

 This follows two acquisition announcements from LMP last week.

On Thursday, the group said it signed a definitive agreement to buy a Kia store in Connecticut and its associated real estate that would bring in approximately $40 million of annualized revenues and adjusted EBITDA of $1.9 million.

LMP announced July 19 it entered a definitive agreement to buy dealerships in Texas representing General Motors and Nissan brands, along with the associated real estate of those dealerships, for a grand total of about $141 million.

The deal is expected to add approximately $250 million in annualized revenues and $27 million in adjusted EBITDA.