The Motorline Group has acquired its fourth Lexus dealership with purchase of Lexus Bristol.
The group now operates 49 dealerships plus four Volkswagen TPS Centres across the South East, South West and the Midlands. Its Chairman, Glen Obee said, “We are delighted to add another Lexus dealership to the Motorline Group, this acquisition fits geographically well with our South West operations and further strengthens our representation with the Lexus brand.”
The acquisition adds to Motorline’s Cardiff, Canterbury and Tunbridge Wells Lexus sites with a fifth centre in Gatwick in early 2018. The firm has recently invested £300k in the refurbishment of their Lexus Canterbury Centre in Broad Oak Road, which is set to reopen this month.
The Corporate team at Thomson Snell & Passmore, led by Partner and Head of Corporate, Joanne Gallagher, acted on Motorline’s behalf in the deal. Joanne Gallagher commented, “We are delighted to have advised in connection with another successful acquisition. The deal further strengthens Motorline’s share in the Lexus market, as well as the Group’s overall presence in the South West. We look forward to continuing to assist Motorline in its future expansion and growth plans.”
In 2018 Motorline are set to open three new dealerships in Gatwick, which are currently in build for Peugeot, Hyundai and Lexus.
Leave A Comment