RML Automotive Acquires Lewisville, Texas Toyota Dealership

BETHESDA, Md., Sept. 11, 2013 /PRNewswire/ -- RML Automotive announced today the acquisition of Toyota of Lewisville in Lewisville, Texas. The 74,000 sq. ft. state-of-the-art facility is located at 1547 South Stemmons Freeway. The dealership was previously owned by Rene Isip and currently employs 125 people.

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"Today's announcement is further proof of RML's commitment to building a strong automotive brand and leadership within the industry," said Robert L. Johnson, chairman of the board for RLJ McLarty Landers Automotive Holdings, LLC. "The Lewisville dealership was an ideal addition to the RML portfolio. With its exceptional staff and general managers who are focused on meeting customer satisfaction, we are delighted to expand our presence in Texas with this latest dealership acquisition," he concluded.

RML Automotive is headquartered in Little Rock, Arkansas and is the largest minority owned automotive franchise in the country. It consists of 35 automotive franchises across the South-Central, Southeast, Mid-Atlantic, and Midwest regions of the United States. RML currently owns automotive dealerships in Burleson, Waxahachie, and Ft. Worth, Texas.

"At RML we believe in providing the very best sales and service to our customers. We are pleased to become a part of the Lewisville community, and we look forward to serving the people there with the same level of satisfaction and care as we do in our other locations across the United States," said RML CEO Franklin McLarty. "I am excited for what the future holds in Lewisville and the surrounding communities."

About The RLJ Companies: The RLJ Companies, founded by Robert L. Johnson, is an innovative business network that provides strategic investments in a diverse portfolio of companies. Within The RLJ Companies portfolio, Johnson owns or holds interests in businesses operating in a publicly traded hotel real estate investment trust, private equity, financial services, asset management, insurance services, automobile dealerships, sports and entertainment, and video lottery terminal (VLT) gaming. The RLJ Companies is headquartered in Bethesda, MD, with affiliate operations in Charlotte, NC; Little Rock, AR; Los Angeles, CA; San Juan, PR; and Monrovia, Liberia. Prior to founding The RLJ Companies, Johnson was founder and chairman of Black Entertainment Television (BET). For more information visit: www.rljcompanies.com.

About RML Automotive: Headquartered in Little Rock, Arkansas, RML consists of 35 automotive franchises and three Harley-Davidson motorcycle dealerships across the South Central, Southeast, and Midwest regions of the country. RML was ranked 19th on the Automotive News annual list of "Top 125 Dealerships in the U.S." and number one on the annual Black Enterprise 100s list. RML is the largest African American owned automotive franchise in the country. For more information visit www.rljmclartylanders.com.

For media inquiries contact: Traci Otey Blunt, 240.744.7858 or [email protected]

SOURCE RLJ Companies