Pentagon Group has acquired five dealerships owned by the Co-operative Motor Group on Tritton Road in Lincoln.
From August 1, Pentagon will represent Citroen, Dacia, Jeep, Mazda, Renault and Vauxhall on the two-acre site, taking its total number of franchise points to 30.
The showrooms, located around a mile from Lincoln city centre, have room for around 200 used vehicles. It is well positioned on a busy road close to the town’s Sainsbury’s supermarket and a popular retail park.
Pentagon chairman Trevor Reeve said: “We are of course delighted to have completed this deal with the Co-operative. With these acquisitions not only are we adding more businesses to our motor group but we have also expanded the franchises we represent with the addition of Mazda, Renault and Dacia for the first time”.
The news follows Pentagon opening a new Vauxhall dealership on the same site in the city, earlier this month.
Pentagon’s turnover in 2014 was £440m – it expects this to grow to around £500m in 2015.