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
A bustling pub in Pontefract, West Yorkshire, presents a unique opportunity with potential for building development.
FREEHOLD
Opportunity to acquire a well-established sign manufacturing and installation business in North West England, known for its quality craftsmanship and reliable service.
A well-known and much loved entertainment venue which is the central hub of this seaside town community on the Durham coast. Located between Sunderland and Durham this town boasts beautiful beaches and a thriving and rapidly expanding community.
FREEHOLD
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.