The Motorline Group has acquired Nissan Ashford, Peugeot Ashford and Folkestone Peugeot from the KAP Motor Group for an undisclosed sum.
The acquisition boost Nissan's representation at Motorline sites to nine dealerships. The deal has also bolstered Motorline’s Peugeot offering across East Kent. The total number of dealerships and TPS centres operated by the Motorline Group across the UK is now up to 53, including three dealerships in Crawley that are in the pipeline, to be launched early 2018.
Glen Obee, Chairman of Motorline stated: “The company is delighted to have acquired the Ashford Nissan & Peugeot businesses which fit perfectly into the group’s existing Kent representation for both brands. The group has already identified a number of operational synergies which will complement our existing Nissan & Peugeot operations. The two new dealerships increase to five, the number of dealerships in Ashford and further strengthens the group operations in East Kent.”
The Corporate team at TS&P, led by Partner and Head of Corporate, Joanne Gallagher, advised the Motorline Group on the acquisition.
Joanne Gallagher said: “We have acted for the Motorline Group for a number of years and are delighted to have advised in connection with another successful acquisition. The deal further strengthens Motorline’s share in the Nissan market, as well as the Group’s overall presence across Kent. We look forward to continuing to assist Motorline in its future expansion and growth plans.”
ASE Corporate Finance Executive, Adam Cottam, who advised the vendor said “This is a great deal for both sides, and allows Motorline to continue their growth with two existing brand partners. It’s been a pleasure working on the deal with all parties involved.”