With his wife, Joyce, Moorehead founded the dealership in 2001 as BMW of Sterling. He will continue to serve as its chairman and owner. Moorehead became the first African-American to own a Rolls-Royce dealership when the company later added Mini Cooper, McLaren, Lamborghini, and Rolls-Royce to its range.
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Washington football greats contribute to Ty Williams’ recovery
After a ceremony at BMW of Sterling, Williams told reporters, “It’s going to help me walk again.” Thomas Moorehead, proprietor of BMW of Sterling and co-chair of the Joyce & Thomas Moorehead Foundation, was present at the annual scholarship event for the Washington Football Legends. Additionally present were Ty Williams’ parents, Redskins Personnel Executive Doug Williams, Super Bowl XXII MVP (not related), Georgetown football coach Rob Sgarlata, and a number of Hoya teammates.
“Our responsibility is to look after the boss.
Your car will be in excellent shape thanks to the helpful and pleasant team at the BMW of Sterling Service Department. We are prepared to give you the service you need with more than 30 service bays and more than 40 Certified Technicians.
The BMW of Sterling lounge area, which has the BMW Cafe, big-screen TVs, free WiFi, and laptop workstations to make your wait as pleasant and productive as possible, is a great place to unwind and grab a bite to eat.
Our 70,000 square foot facility is located in Sterling, Virginia, near Pacific Drive and Auto World Circle. With more than 450 new and used cars and all the amenities that come with owning a BMW, we are one of the most prestigious dealerships in the area.
Lithia expands to the Mid-Atlantic with its most recent acquisition.
Lithia makes its first foray into Virginia and the Mid-Atlantic with the acquisition of Sterling Luxury Group.
Lithia & Driveway announced on Tuesday that it had acquired Sterling Luxury Group, increasing its presence in the Mid-Atlantic.
With the acquisition of Loudon County-based Sterling Motorcars, Lithia also establishes its first footprint in the state of Virginia.
Rolls-Royce, Lamborghini, and McLaren are three new luxury brands that join BMW and Mini of Sterling as a result of the transaction.
According to a news release from Lithia, president and chief executive officer Bryan DeBoer, “Entering our eighth top 10 market in the country further enables LAD to efficiently and inexpensively serve our customers over their whole ownership lifecycle.”
The year one network growth ambition of our five-year 50/50 plan is now within striking distance of being accomplished thanks to this purchase, according to DeBoer. “This acquisition accelerates our unique omni-channel strategy.”
Sterling Motorcars is a well-respected fixture in the Washington, D.C./Beltway region and is known for its outstanding client care and attention to detail, he continued.
The mid-Atlantic region now forms a larger part of Lithia’s national footprint, according to DeBoer. The Lithia Motors family is eager to welcome their team.
Lithia estimates that the Sterling group will increase the retailer’s annualized revenues by $225 million. Lithia’s expansion initiatives have increased estimated annualized revenues by more than $3.4 million thus far this year.
Capital that Lithia acquired through concurrent equity and debt offerings that closed last month was used to fund the transaction.
Only a week ago, Lithia said that it had acquired nine locations from Keyes Automotive Group. With this acquisition, the retailer’s Southern California footprint has been “rounded out” and has been extended to Phoenix.
The sale included nine stores in the Los Angeles region, where Keyes is situated, and one (Bell Road Toyota) in the Phoenix market, according to a second news release from Kerrigan Advisors, who represented and counseled Keyes on the deal.