![]() |
|
Discover drives off with motor home site
A caravan and outdoor leisure retailer has strengthened its motor home operations after buying a dealership in Staffordshire. Discover Leisure has moved into the Midlands market with the acquisition of the site in Cannock from the Brownhills Group.
The dealership, which sells European and US-manufactured motor homes from a five-acre leasehold site, was bought for some £2.66 million, part funded through debt.
Discover Leisure's chief executive Trevor Parker says the acquisition is part of its strategy of regional expansion within the UK. The dealership is the latest addition to Discover's portfolio, following its takeover of caravan retailer Leisure World for £5.75 million and the £20 million it paid for Barrons Holdings, a seller of caravans, motorhomes and accessories. It also owns Mendip Caravan Centre, which has three retail outlets.
The acquired business reported an £18.15 million turnover in the year to December 2006, and its board expects revenues of £13.18 million in its last financial year.
Discover Leisure, formerly Titan Move, was established as a cash shell to buy businesses in the leisure and tourism sector. The East Yorkshire-based group, which floated on AIM in 2005, has 15 branches employing more than 600 people across England and Wales.

Related Articles |
Interesting links
Other Sector Watch
- Crisis?– what crisis? Jul 01 2008
- A double whammy Jun 12 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008 - Sowing the seed Mar 03 2008
M&A News
- New Earth launches listed fund Jul 24 2008
- Birchall buys rival law firm Jul 24 2008
- Whitbread buys London hotels Jul 23 2008
- Octopus launches VCT
fund of funds Jul 23 2008 - Plastics buys Palagan Jul 22 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Aegis says oui to
search firm deal Jul 25 2008 - Biocampatibles expands into US Jul 25 2008
- Scott Wilson builds bridges
with Benaim Jul 24 2008 - Bestoutcome acquires ISA Jul 24 2008
- IS unveils Chapter26 deal Jul 23 2008
