LMP Automotive Holdings Inc. said it agreed to purchase four dealerships in three states.
The group plans to buy Cadillac and Nissan dealerships in Houston for $141 million, acquire a Kia dealership in East Hartford, Conn., for more than $9 million and spend $19.2 million for a Chrysler-Dodge-Jeep-Ram dealership in Clifton Park, N.Y.
The three transactions include dealership real estate.