116 3rd St SE
Cedar Rapids, Iowa 52401
Lithia sells Hiawatha auto dealerships to McGrath Automotive
McGrath Automotive Group of Cedar Rapids has acquired Buick GMC Cadillac of North Cedar Rapids and Kia of North Cedar Rapids from the first national auto dealership chain to enter the Corridor market.
McGrath Automotive Group took over the dealerships at I-380 and Boyson Road in Hiawatha on Monday. The dealerships will be operated as McGrath Buick GMC Cadillac and McGrath Kia. The body shop will be McGrath Collision South.
The dealerships were acquired from Lithia Motors of Medford, Ore., a publicly traded dealership chain that had entered the Cedar Rapids market five years ago by acquiring assets of Allen Motor Co. Terms were not disclosed, but McGrath will continue as Lithia had to lease the property of the dealership.
McGrath Automotive Group was interested in acquiring the Hiawatha dealership in order to offer all four GM brands - Chevrolet, GMC, Cadillac and Buick, President Pat McGrath said.
Pat McGrath, Lindsay McGrath, and Mike McGrath of the McGrath Automotive Group are shown on Dec. 7, 2011, in Cedar Rapids. The company has acquired the former Buick GMC Cadillac of North Cedar Rapids and Kia of North Cedar Rapids dealerships from Lithia Motors. (photo courtesy of McGrath Automotive Group)
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