Chorley has continued its development within the North-West by way of the acquisition of Vantage Citroen in Blackpool
Set to kind a part of a Blackpool presence which already contains Kia, Nissan and Hyundai, the power on the seaside resort’s Amy Johnson Manner is the newest addition to the rising AM100 automobile retail group profiled by AM magazine in June.
Chorley Group stated that it supposed to retain the dealership’s 17 employees because it took its group head rely to over 350 employees at 14 areas.
Managing director Adam Turner stated: “We’re actually excited to welcome Blackpool Citroen to the Chorley Group household and see it as an awesome addition to our group.”
Chorley Group re-entered the AM100 in 94th place in 2021 after delivering a turnover of £128.2 million alongside £1.3m in revenue earlier than tax in a COVID-impacted 2020.
It has grown lately with the March 2021 acquisition of Lancashire-based Vauxhall and Mitsubishi retailer 06 Ormskirk and, a 12 months later, the acquisition of two Citroën dealerships from BCC Vehicles.
Chatting with AM on the time, Turner stated he believed the sector’s speedy evolution had created a “grow or go” mentality in the franchised car retail sector.
In as we speak’s (July 18) assertion asserting the acquisition of Vantage Citroen Blackpool, the enterprise stated that it has plans for “extra acquisitions within the coming months”.
Turner added: “That is the newest stage of our strategic development plans coming to fruition, specializing in development with our present vendor companions and persevering with our deal with North West illustration factors, enhancing our regional energy.”
Chorley Group have been supported by the authorized crew from CG Skilled’s Company and Actual Property departments on their newest transaction.
Vantage Motor Group was acquired from founder Mark Robinson in a management buy-out (MBO) again in 2019.
In March 2020 the Knaresborough-based Citroen, Kia, Lexus, Toyota, and Skoda franchised retailer sold four Toyota and two Lexus car dealerships in the West Midlands to Steven Eagell Group.
Earlier this 12 months Vantage’s chief working officer, Andrew Mallory, formalised new terms of employment for its workforce.
The phrases included a five-day working week, a “no late nights” promise and as much as £25,000 primary wage.