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Vertu Motors acquires Yorkshire dealership group
Vertu Motors, the automotive retailer with a network of 202 sales and aftersales outlets across the UK, has acquired Yorkshire-based Burrows Motor Company.
Burrows is a family-owned group of dealerships operating five Toyota dealerships, two Mazda dealerships and one Kia dealership. The acquisition significantly increases Vertu’s brand presence in Yorkshire and Nottinghamshire adding outlets in Barnsley (2), Doncaster, Rotherham, Sheffield (3), York and Worksop.
All outlets will be rebranded Vertu and integrated into the Vertu systems platform in the coming weeks.
For the year ended 31 December 2023, Burrows Motor Company Limited achieved revenue of £168.9m and an operating profit of £1.4m.
Robert Forrester, CEO of Vertu Motors, said: “We have long admired the Burrows business and are delighted to have completed this acquisition creating further scale for the Group with key Manufacturer Partners.
“The acquisition of Burrows gives us considerable scale in our partnership with Toyota and strengthens the Vertu brand in Yorkshire and Nottinghamshire. This is in line with our strategy to actively pursue value accretive growth opportunities to enhance our portfolio, applying strict investment return metrics as well as returning cash to shareholders.”
Majority stake snapped up in Leeds medical equipment manufacturer
Reinsberg Group, the MedTech holding of BHM group, a Prague-based investment firm, has acquired a majority stake in Brandon Medical, a Leeds-based company specialising in the development and manufacturing of medical equipment.
This acquisition is a key part of Reinsberg Group’s strategy to build a strong group of independent European medical manufacturers, leveraging their capabilities to achieve economies of scale in the global consolidation of the medical industry.
“This move strengthens our market position especially in the UK market as well as in the area of hospital products as lights, integration and other products while supporting the growth and innovation of Brandon Medical,” said Dr. Markus Keussen, CEO of Reinsberg Group. “We are excited to welcome this company into our family and continue developing it with a focus on its key products, both in the UK and globally.”
Brandon Medical is a manufacturer and designer of advanced technological solutions for operating theatres, critical care, and primary care, with over 70 years of experience in the healthcare sector. This acquisition is part of Brandon Medical’s long-term succession plan to ensure the company’s strategic growth and sustained success in a dynamic and fast-changing marketplace. Adrian Hall, Chief Executive Officer, Brandon Medical, said: “As part of a larger group we now have the opportunity to leverage a wider pool of expertise, resources, and innovation. This will allow us to accelerate innovation and enhance the value we deliver to our customers, partners, and stakeholders. Together, we are positioned to drive even greater success, fostering innovation and creating new opportunities in our global markets.”