Pentagon Motor Group has announced its intention to acquire the Archie Moss Vauxhall dealership in Loughborough, from owners, CSM (Basingstoke) Ltd. The site currently offers new and used Vauxhall car sales as well as aftersales support for Citroen, Peugeot and Renault.
Pentagon, part of Motus Group (UK), already operates 42 franchise outlets for a range of major vehicle manufacturers, with 28 sites across the East Midlands, North West, South Yorkshire and Lincolnshire. At the start of the year it acquired three Ford sites, at Warrington, St Helens and Runcorn, from the Ford owned TrustFord retail group.
Pentagon Motor Group, managing director, David Lewis, said, “We are very happy to be adding to our current Vauxhall portfolio of nine dealerships. We will immediately begin the process of consultation with the existing dealership staff and are hopeful all will join us under normal TUPE regulations and will do everything we can to ensure this is the case.”
The formal completion of the deal is expected to take place in late August, and speaking for Vauxhall, Stephen Norman, Group Managing Director, said
“Pentagon and the Motus Group, are key long term partners of Vauxhall, and Groupe PSA, for over 28 years. This acquisition further demonstrates Vauxhall's strength in the UK market and the strong investment opportunity with the addition of three strong sister brands providing investors with even greater return for their investments”.
Talking on behalf of Motus Group (UK), its CEO, Rob Truscott, said, “As a Group, we are committed to growth. Not growth at any cost, but where we see real opportunity at sensible investment levels. The acquisition of an important Vauxhall dealership fits well with our ambitions.”
Already encompassing the UK’s largest independent commercial vehicle dealer group, and with its passenger vehicle interests included, Motus Group (UK) Ltd. ranks inside the Top 15 of all UK automotive dealer groups. The company has annual revenues of over £1 billion and employs some 3000 people across its operations.