Member Article

Vertu Motors acquire Sheffield showrooms

Gateshead-based Vertu Motors have acquired two Yorkshire showrooms in a deal estimated to be worth £2.4 million.

The Nissan and Volvo dealerships had belonged to Harratts of Wakefield Limited and the deal means Vertu now operate nine Nissan outlets.

Robert Forrester, CEO of Vertu Motors said: “We are delighted to announce the next step in our growth with both Nissan and Volvo. This is the first time the Bristol Street Motors brand has been represented in the city of Sheffield, which is the fifth largest in the UK.

“The new outlets will complement existing Group businesses in the region in Barnsley, Doncaster and Chesterfield, and brings the number of outlets in Yorkshire to 12.

“We are continuing to develop the Group by adding to existing franchise relationships as well as exploring new manufacturer partners.

“This acquisition increases the Group to 106 sales and aftersales outlets and will enable us to continue to generate profitable growth for our shareholders.”

This was posted in Bdaily's Members' News section by Tom Keighley .