F&I Management & Training

Vertu Motors has bought part of Brooklyn Motor group out of administration.

The purchase includes Worcester Ford, Redditch Ford, Redditch Mazda and an authorised repair franchise for Iveco in Redditch. All include freehold properties.

Vertu has also bought Cheltenham Mazda.

Chief executive Robert Forrester said deal will cost Vertu around £7.9 million and the business acquired complements Vertu's existing Ford operations in Birmingham, Cheltenham and Gloucester.

Vertu Motors will now operate 45 franchised operations, four non-franchised and two standalone service operations.

Forrester added: “There is considerable scope to integrate these dealerships onto Vertu’s scalable platform, and these are excellent volume franchises that strengthen the group’s portfolio balance.”

Vertu's Annual General Meeting will be on July 23.

DATED: 26.06.09

FEED: AM