Monday, 11 October 2010

Marshall completes Mercedes-Benz Deal

Marshall, the debt-free, fast-growing, family-owned dealer Group has just announced that it has successfully completed its acquisition of Mercedes-Benz retail outlets in the North West, from Pendragon plc. The acquisition covers seven franchised business with Mercedes-Benz in
Blackpool, Preston, Blackburn, Bolton and South Lakes, and smart in Blackpool and Bolton.

The new dealerships bring the Marshall Group’s total to 62 businesses and the addition of the two new brands brings the Marshall portfolio to 25. The acquisition takes the Marshall colleague headcount to around 2,000. Speaking about the deal, Marshall Chief Executive, Daksh Gupta said:
“This is a hugely significant deal for Marshall and the new businesses will take our turnover to a running rate of around £675m, nearly double our 2008 turnover.”

“This is a great acquisition for Marshall which fits our stated strategy to expand our group with strong partnerships in scalable territories. The North West represents a great opportunity for us with one of the World’s leading brands. We also have some great new people joining our business and we look forward to introducing them to the Marshall family in the coming days.”

“We are hugely honoured to have been approached by Mercedes-Benz regarding this acquisition and to be joining this prestigious brand”. Gupta added: “We are delighted to be working with our new partners from Mercedes-Benz and smart, and to building a great working relationship with them in the coming weeks and months. I would like to thank the management team at Mercedes-Benz for all their help and support over the last few weeks and months which has made this acquisition possible.”

Gary Savage, Managing Director Mercedes-Benz Cars UK, explained: "Marshall Motor Group is a welcome addition to our retail network.Marshall has an excellent record in the trade, and more importantly, with customers, and I know the team in these five sites in the North West will work hard to ensure excellent levels of service for their current and future customers.

“I'm particularly looking forward to working with all our retail partners, to help them maximise the opportunities Mercedes-Benz and smart is offering with an exciting line-up of new cars and services on offer for the rest of this year and throughout 2011."

As part of the acquisition, all 170 people working at the five sites have transferred to Marshall.

For more information on Marshall Motor Group please visit http://www.marshallweb.co.uk/

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