Lithia & Driveway has expanded its footprint to the Mid-Atlantic, announcing Tuesday it has purchased Sterling Luxury Group.

The purchase of Sterling Motorcars, based in Loudon County, also gives Lithia a presence in the state of Virginia for the first time.

In addition to BMW and Mini of Sterling, the acquisition brings three new premium brands — Rolls-Royce, Lamborghini and McLaren — into the fold.

“Entering our seventh top 10 market in the country further enables LAD to conveniently and affordably serve our customers throughout their complete ownership lifecycle,” Lithia president and chief executive officer Bryan DeBoer said in a news release.

“This acquisition accelerates our unique omni-channel strategy and takes us one large step closer to achieving the year one network growth aspiration of our five-year 50/50 plan,” DeBoer said.

He added: “Sterling Motorcars is a high-performing fixture in the Washington D.C./Beltway corridor and is well-respected for the exceptional customer service and attention to detail they provide their clientele.

“This is a very important milestone for Lithia and expands our national footprint in the mid-Atlantic,” DeBoer said. “We are excited to welcome their team to the Lithia Motors family.”

Lithia anticipates the Sterling group will add annualized revenues of $225 million for the retailer. So far this year, Lithia’s expansion moves have added more than $3.4 million in expected annualized revenues.

The deal was financed through capital Lithia raised through concurrent equity and debt offerings that closed last month.

Just last week, Lithia announced that it had purchased nine stores from Keyes Automotive Group, an acquisition that “rounds out” the retailer’s Southern California footprint and expands it to Phoenix.

According to a separate news release from Kerrigan Advisors, which represented and advised Keyes on the deal, the transaction includes eight stores in the Los Angeles area (where Keyes is based) and one (Bell Road Toyota) in the Phoenix market.

The eight LA-area stores include:

Keyes European (a Mercedes-Benz store)
Keyes Lexus
Keyes Audi
Keyes Hyundai
Keyes Toyota
Lexus of Valencia
Audi Valencia
Mission Hills Hyundai