![]() |
|
Vertu buys car dealership company
The Vertu Motor Group has bought car dealership company Blakes for an undisclosed sum.
The deal has given Newcastle-based Vertu Vauxhall franchises in Chesterfield and Matlock as well as Peugeot retail operations in Chesterfield and Worksop.
Blakes was sold by David Merifield, which has ended 55 years of his family’s ownership of the business.
Merifield, who is also Derbyshire and Nottinghamshire chamber of commerce president, said the time was right for a new owner to take the business to the next level. “It has become increasingly difficult for smaller independent dealerships to make real headway in what is a fiercely competitive sector.”
Merifield was advised by Derby law firm Geldards, led by partner Andrew Borkowski.
Comments [0] 

Related content
Other M&A Deals
- MBO at public sector services firm Jan 08 2009
- Resaca returns to Texas
with AIM cash Jul 17 2008 - Destiny gets £4.8m injection Dec 03 2008
- Compass Group makes headway with KIMCO Jan 08 2009
Special Offers
- 2008/09 AIM Guide Nov 12 2008
- Growth Company Investor Magazine: Dec 06 2008
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A News
- Telereal snaps up a bargain Jan 08 2009
- Doughty Hanson goes shopping for deals Jan 08 2009
- West End Ventures acquires dotmailer Jan 07 2009
- Red hot deal for AVC Jan 07 2009
- Pandora Books buys Badger Publishing Jan 06 2009
M & A Events
- Quoted Company Awards 2009 28th January
- The Canaccord Adams Media Magnate Awards 26th March
- Rosenblatt New Energy Awards 2009 27th February
- M&A Awards 2009 18th February
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February
