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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