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Pentagon buys again

Pentagon has acquired the Mansfield Vauxhall dealership from Hartwells, its third purchase from the group in little over a month.

The deal means Pentagon now has nine Vauxhall dealerships together with Chevrolet, Saab and Peugeot franchises.

The group will relaunch the Vauxhall van franchise, with a £150,000 investment on corporate standards, to include light and heavy vans. It already has three Vauxhall van sites and plans to expand this side of the business.

“The latest acquisition now provides us with four market areas, which form part of our strategic plans within the M1 and M62 triangle encompassing the East Midlands, Lancashire and Yorkshire,” says Trevor Reeve, group managing director of Pentagon.

He expects to sell 1,000 new and used cars from the Mansfield site, taking Pentagon annual sales to more than 20,000. The group is also in the process of building a new £4m Vauxhall and Saab site in Oldham, due to be completed in March. It is planning to add another franchise and is currently in discussions with a manufacturer.

“Pentagon Group is still on the acquisition trail and we are always looking for the next opportunity, but nothing is planned for the rest of this year,” adds Reeve.

Hartwells managing director Graeme Willis hadn’t returned AM’s calls as the magazine went to press.

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