acquisitions and deals
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Car Dealer News 16 MarHills Automotive acquires Savilles Garage in Kidderminster
Ford retailer Hills Automotive has expanded its used car and commercial vehicle operations into a new location with the acquisition of the Savilles Garage car dealership at Mustow Green, Kidderminster.
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Acquisitions and deals 9 MarSteven Eagell Group confirms six-site Vantage Toyota and Lexus acquisition
Steven Eagell Group has confirmed the acquisition of four Toyota and two Lexus car dealerships in the West Midlands from the Vantage Motor Group.
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Acquisitions and deals 6 MarEden Motor Group acquires Hyundai Torbay dealership
Eden Motor Group has completed the acquisition and re-branding of Torbay Hyundai, taking its representation with the Korean carmaker to four sites.
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Supplier News 5 MarCox Automotive UK acquires Bruntingthorpe operator C Walton Ltd
Cox Automotive UK has completed the acquisition of vehicle services provider and Bruntingthorpe operator C Walton Ltd, expanding its whole-life vehicle services offering with its biggest UK acquisition to date.
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Acquisitions and deals 4 Mar
Steven Eagell set to acquire six Vantage Motor Group dealerships
Steven Eagell Group is in-line to acquire four Toyota and two Lexus franchises in and around Birmingham from Vantage Motor Group, AM understands.
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Acquisitions and deals 3 MarVertu Motors completes £4m Vantage Kia and Honda acquisitions
Vertu Motors completed the £4 million acquisition of the Kia Bradford and Honda Bradford business from the Vantage Motor Group.
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Supplier News 18 Febheycar acquires Honest John website from company administrators
heycar has completed the acquisition of long-established consumer automotive website HonestJohn.co.uk just weeks after it slipped into administration due to “significant cash flow difficulties”.
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Car Dealer News 11 FebPendragon finds ‘replacement purchaser’ for California Chevrolet dealership
Pendragon has completed the £16.5 million sales of its Chevrolet dealership in Puente Hills, California, to JBR Automotive six months after agreeing the sale to another car retail group.
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Acquisitions and deals 21 JanCambria and Vertu acquire Edinburgh Leven Car Company dealerships
Cambria Automobiles and Vertu Motors have both completed the acquisition of Leven Car Company dealership sites less than a fortnight after the Edinburgh-based retail group entered administration.
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Acquisitions and deals 17 JanCitygate confirms Inchcape West London and Twickenham VW acquisitions
Citygate Automotive has confirmed its acquisition of Inchcape Retail’s Volkswagen dealerships in West London and Twickenham – six weeks after AM reported on the impending deal.
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Acquisitions and deals 16 JanVertu Motors acquires four Sytner Group Volkswagen dealerships
Vertu Motors has added to the recent flurry of acquisitions and disposals within the Volkswagen retail network with the £8.8 million acquisition of four dealerships from Sytner Group.
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Supplier News 10 Jan
WMS Group acquisition completed by Opteven
Opteven’s acquisition of WMS Group has been formally completed after gaining approval from The Financial Conduct Authority (FCA).
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Acquisitions and deals 18 DecMarshall confirms Jardine Volkswagen Group dealership acquisitions
Marshall Motor Holdings has completed the £22.3 million acquisition of eight Volkswagen Group franchised car dealerships from Jardine Motors.
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Acquisitions and deals 17 DecVantage Motor Group sold in management buyout
Vantage Motor Group has been sold by founder Mark Robinson in a management buyout involving the AM100 operation’s chairman, finance director and operations director.
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Acquisitions and deals 6 DecVW network shake-up continues with proposed Inchcape two-site sale to Citygate
Inchcape looks poised to sell two more Volkswagen car dealerships, to Citygate, as the German car brand’s UK franchises continue to change hands in a series of recent disposals and acquisitions.
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Acquisitions and deals 4 DecJardine Motors to sell eight Volkswagen and Skoda sites
Jardine Motors Group has confirmed to AM that it has made the decision to seven Volkswagen franchised dealerships and one Skoda site, with Marshall Motor Holdings believed to be poised to acquire the businesses.
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Supplier News 26 NovAutoProtect Group appoints new CEO and strengthens DealTrak ties
AutoProtect Group has appointed former Aviva managing director Matthew Briggs as its new chief executive after extending its portfolio of services with the acquisition of DealTrak.
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Car Dealer News 22 OctHendy Group claims Solent Business Awards’ Company of the Year title
Hendy Group has claimed the Solent Business Awards’ Company of the Year accolade after judges recognised its profitability, innovation, employment growth and a “near-doubling” of its turnover in 2019.
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Acquisitions and deals 14 OctSturgess Motor Group sells Volvo Leicester dealership amid 2018 losses
Sturgess Motor Group has completed the sale of its Volvo Car UK franchise in Leicester to TMS Motor Group after revealing a pre-tax loss of £1.26 million in its 2018 annual financial results.
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Car Dealer News 7 OctSytner Group remains on the rise with record 2018 revenues and profit
Sytner Group has reported a 7% increase in turnover and 14.2% rise in pre-tax profitability as it delivered a record set of annual financial results in the year to December 31, 2018.
