Pentagon Motor Group Bought By Imperial
We are very happy to be able to announce that Pentagon has been acquired by I H Mobility Holdings, more commonly known as Imperial here in the UK.
Imperial is the largest independent Commercial Vehicle (CV) dealer group in the UK with a well-established network that represents almost every CV franchise across 41 locations.
Imperial are owned by Imperial Holdings SA who employ over 50,000 people worldwide.
The Pentagon name will stay, as will key management who will remain in place to ensure a smooth integration with Imperial’s existing vehicle business in the UK.
Speaking about the deal Trevor Reeve, Chairman of Pentagon said, “It was clear to me from the first day that we met with Imperial that the culture between the two businesses was a perfect fit and we are all fully committed to preserving and developing this common ethos. As I approach 70 I feel the time is now right for another company to take the ownership and drive the business forward to the next level.
All key team members here at Pentagon have committed to remain with the business after the sale and we are all really looking forward to working with the team at Imperial to ensure a seamless integration with their existing business.”
Pentagon was founded in 1991 and over 26 years has grown from a single Vauxhall site in Derby to a leading motor group representing over 40 individual motor dealer franchise points across 21 locations. The company has over 1,200 team members working in dealerships located across the East Midlands, Lincolnshire, Yorkshire and the North West of England.
Commenting on the deal, Mark Lamberti, Group Chief Executive Officer of Imperial said “Imperial has strong global partnerships with leading vehicle manufacturers and we are delighted to expand our international retail footprint into the passenger and light commercial vehicle market in the UK through the acquisition of Pentagon.”
Pictured: Trevor Reeve (right) with Ian Oakes (left) Managing Director of Imperial UK