The automotive retail group said it had also separately acquired a related freehold property for £2.9m and has the option to acquire two additional strategic freehold properties for £24.9m.
The net assets on acquisition of Motortline – which represents ten brands including
Motorline also operates four Volkswagen Group Trade Parts Specialist (TPS) businesses and five used car centres.
Motorline’s consolidated revenues hit £695.2m for the year ending
The group’s consolidated shareholder funds at completion are c.£30m, including c.£20m of cash and c.£10m of debt.
He added: “Motorline is an extremely well-respected, long-standing business.”
The acquisition represents new partnerships with
“These brands, with a combined market share in the
What’s more, Motorline operates in some new territories for the group, including in
The deal eans Marshall now operates in 37 counties in
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