Marshall Motor Holdings plc (AIM:MMH) acquired Motorline Holdings Limited from Glen Obee, Thomas Obee, Sarah Obee and Anne Obee for £74.5 million on October 14, 2021. At completion, the Group assumed £10 million of Motorline debt and acquired £20 million of Motorline cash. The Group remains in an adjusted net cash* position post-Acquisition (pre-exercise of the Property Options). A retention amount of £1.3m will be held for a period of one year from completion of the Acquisition from which the Group may set off any successful warranty and/or indemnity claims it has against the Sellers. The Group has also separately acquired a related freehold property for £2.9 million and has the option to acquire two additional strategic freehold properties for £24.9 million. The transaction is funded from the Group's existing cash resources. Motorline's consolidated revenues for the year ending December 31, 2020 were £695.2 million. Following the Acquisition, the Group now operates a total of 164 franchises covering 27 brands, across 37 counties in England and Wales. In addition, the Group operates 10 trade parts specialists, seven used car centres, six standalone body shops and one pre delivery inspection centre. Investec Bank plc is serving as financial advisor, Francesca Bettermann, Faye Garvey, John Finnick, Adrian Magnus and Rebecca Owen-Howes of Dentons Europe CS LLP and Greenwoods GRM acted as the legal advisors and PricewaterhouseCoopers International Limited acted as financial and tax due diligence provider to Marshall Motor Holdings plc. UHY Hacker Young LLP, Investment Banking Arm acted as the financial advisor, Joanne Gallagher, Joanne Wright, Georgia Jeffery, Rachel Macmillan, Richard Ellard, Alex Lewsley, Nitzan Cohen, Poh-Leng Devare and Mathew Boyle of Thomson Snell & Passmore LLP acted as the legal advisors and RSM UK Audit LLP acted as the auditor to Motorline Holdings Limited. Marshall Motor Holdings plc (AIM:MMH) completed the acquisition of Motorline Holdings Limited from Glen Obee, Thomas Obee, Sarah Obee and Anne Obee on October 14, 2021.