Announced

Completed

Vertu Motors completed the acquisition of Burrows Motor for £13.5m.

Synopsis

Vertu Motors, an automotive retailer with a network of 202 sales and aftersales outlets, completed the acquisition of Burrows Motor, a family-owned group of dealerships, for £13.5m. "We have long admired the Burrows business and are delighted to have completed this acquisition creating further scale for the Group with key Manufacturer Partners. The acquisition of Burrows gives us considerable scale in our partnership with Toyota and strengthens the Vertu brand in Yorkshire and Nottinghamshire. This is in line with our strategy to actively pursue value accretive growth opportunities to enhance our portfolio, applying strict investment return metrics as well as returning cash to shareholders," Robert Forrester, Vertu Motors CEO.

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