Vertu Motors plc Acquires Helston Garages Group Limited

August 12, 2022

Vertu Motors plc has agreed to acquire Helston Garages Group Limited, adding 28 franchised sales outlets across the South West of England for a total consideration of £117m (net of £65m cash). The deal expands Vertu's geographic footprint and manufacturer relationships (adding Volvo and Ferrari), and is expected to deliver at least £3.2m of annual synergies by FY25 as Vertu integrates systems, digital platforms and rebrands the sites.

Buyers
Vertu Motors plc
Targets
Helston Garages Group Limited
Industry
Automotive
Location
Cornwall, United Kingdom
Transaction Type
Buyout

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