Mon, 22 Jul 2013 | MERGER
Yorkshire car seller Meridian Motor Group has recently finalised its seventh business purchase in the space of six weeks.
Meridian has just bought Barnsley Honda Limited, which is to continue trading under its own brand name for now before being rebranded and absorbed into the group’s Vantage brand, Vantage Honda – Barnsley.
Sales at the enlarged group, now consisting of 14 sites with 350 staff, are expected to rise to £150 million. Its main brands will include Toyota, Hyundai, Kia, Lexus and Honda.
Meridian bought four dealerships based in West Midlands in June, and also announced a new Kia site to be set up in Scarborough. It then snapped up Batemans Toyota in the Lake District in early July.
The group, now ten years old, is geared to sell over 10,000 new and used vehicles a year. The most recently acquired Barnsley site is expected to shift 600 cars a year.
Mark Robinson, the founder and managing director of Meridian Motor Group, commented: “As well as a significant new acquisition to strengthen our business, this deal will represent the first part of what we believe will be a strong and developing relationship with Honda UK.
"I am pleased to welcome our new team members into the Vantage family and we will ensure that customers continue to receive the same high standards and levels of service that has driven our success in other parts of the UK.”
__________________________________________________________________________
Related information:
FirstGroup sells off bus depots
Latest businesses for sale
The wholesale business has an established trading history and has built up a strong reputation and a loyal customer base. Business is drawn from a wide demographic of clients with a good spread across different business sectors.
This is a unique opportunity to acquire a company specialising in luxury performance cycle clothing, utilising the finest specialist fabrics and cutting-edge construction techniques.
A leading internet-based provider of customisable and curated beauty box services. Over the last decade, the business has evolved from a premier subscription service to a leading internet-based provider of highly attractive and rapidly expanding beau...
WEB-BASED
11
|
Jul
|
Holiday letting agency acquires Cornish self-catering holiday specialist | BUSINESS SALE
Travel Chapter, a leading UK holiday letting agency, has ann...
11
|
Jul
|
Power services firm set to be acquired by US energy resilience group | BUSINESS SALE
The Wilmott Group Limited, a power services group with opera...
11
|
Jul
|
Dunfermline vehicle manufacturing services firm enters administration | ADMINISTRATION
A specialist manufacturing business based in Dunfermline has...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.