An unknown buyer completed the acquisition of Greenville, Tennessee Dealership and its associated real estate of LMP Automotive Holdings, Inc..
November 08, 2022
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An unknown buyer entered into dealership and real estate sale agreements to acquire Greenville, Tennessee Dealership and its associated real estate of LMP Automotive Holdings, Inc. (OTCPK:LMPX) on September 14, 2022. The Company anticipates that the expected closing of the Sale will occur in November of this year, subject to the terms of the Agreements and numerous conditions precedent to Closing including but not limited to obtaining regulatory approval.
An unknown buyer completed the acquisition of Greenville, Tennessee Dealership and its associated real estate of LMP Automotive Holdings, Inc. (OTCPK:LMPX) on November 09, 2022.
LMP Automotive Holdings, Inc. is an e-commerce and facilities-based automotive retailer in the United States. The Company offers a range of products and services fulfilling the entire vehicle ownership lifecycle, including new and used vehicles, finance and insurance products and automotive repair and maintenance. Its e-commerce technology and strategy are designed to disrupt the industry by leveraging its selection of owned inventories and physical logistics networks. The Company seeks to provide customers with both online and in person services. Its physical logistics network enables it to provide convenient free delivery points for customers and provide services throughout the entire ownership life cycle. The Company uses digital technologies to lower its customer acquisition costs and achieve operational efficiencies.