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Announced

Constellation Automotive to acquire Rockingham Motor Speedway for $108m.

Synopsis

Constellation Automotive, a provider of vehicle auction and re-marketing services, agreed to acquire Rockingham Motor Speedway, an operator of a specialist automotive logistics center with additional serviced offices, for $108m. “This investment is an exciting next step in the development of Constellation Automotive Group and the growth of cinch. We are delighted to be creating new jobs in Northamptonshire, while the development of the academy will ensure that cinch has the best trained people in the industry delivering the best cars to drivers all around the country. By investing in infrastructure this early in our journey we are ensuring that cinch will be able take advantage of changing consumer trends and sell more cars on behalf of our third party partners such as dealers, car manufacturers or leasing companies. We are excited to be able to play a leading role in the industry’s digital transformation," Avril Palmer-Baunack, Constellation Executive Chairman.

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