AM Online

Peter Vardy finishes year with multiple acquisitions

Peter Vardy Limited has finished off the year by acquiring three sites in Aberdeen for an undisclosed sum taking the group to 10 sites in total.

The business has bought Town and County’s Land Rover and Porsche dealerships in East Tullos, Aberdeen, from owners Athol and Jackie Strachan. Peter Vardy has also acquired Pendragon’s Jaguar dealership in Aberdeen, adding to its existing marques of Vauxhall, BMW and Mini.

The group has also revealed that it is also finalising plans to built a 70,000 square feet used car supermarket site at Hillington, Glasgow. Car buyers will be able to choose from more than 400 cars, all displayed indoors in a heated showroom and ranging in price from £3,000 and £30,000. The supermarket is expected to open in the second half of next year. It is envisaged that the new Hillington site will also be home to the group's new head office.

Peter Vardy, chief executive, said: "These new initiatives mark the end of a momentous year for our business, which was only founded six years ago but has gone from strength to strength through the efforts of a team of exceptional people throughout the group.

"The Land Rover business is one of the largest in the UK and Porsche is a world renowned brand. We have enjoyed a very friendly relationship with Athol and Jackie from Town and County - 25 years ago my father bought Rover and Jaguar businesses from Town & County, so there is an element of history repeating itself. Athol and Jackie have already done a fantastic job of building these businesses into what they are today, so it is a real coup to take over such highly performing sites.

"The car supermarket will create extra strength in depth for the group and will provide even more choice for our ever-growing family of customers. It is designed to be a destination dealership, where people can take their time in comfortable surroundings to find the car of their dreams."

The Jaguar site features family history with the Vardys as its was previously operated as a Reg Vardy dealership on the site for more than 20 years until it was acquired in 2006 by Pendragon.

Vardy said: "Partnering with a marque as renowned as Jaguar is a significant moment for our company.

“Before I founded the group, I managed a Jaguar franchise in Edinburgh and I know from first-hand experience how much passion and commitment the company puts into creating and building beautiful vehicles which are recognised globally as a symbol of quality."

Vardy is planning to invest in new premises for all of the new businesses.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please login.

Comment as guest


Login  /  Register

Comments

  • Darren Wilkinson - 07/12/2012 18:44

    Well done to the Vardy Group a real coup de tere

    Reply as guest

    Login  /  Register