Drive Motor Retail acquires Minstergate Group as part of growth plans
Minstergate operates six businesses in Yorkshire, with sites in York, Hull and Scarborough. A spokesman said the acquisition introduced three Hyundai dealerships into the Drive group, while complimenting the company’s three existing MG dealers in Bristol, Leicester, and Darlington.
The spokesman added: “This increases Drive’s MG representation from three to six locations, making Drive one of the largest MG dealer groups in the UK.”
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Hide AdRob Keenan, joint managing director at Drive Motor Retail said: “We are thrilled that this acquisition has now been completed, enabling us to enter a new region of the UK which was not previously covered by a Drive dealership.
“Minstergate has been a very successful business for many years and is well regarded by the franchises it represents and their customers. We will continue to work with and support the existing teams, including giving them the benefit of our recently enhanced employee benefits scheme.”
The Minstergate dealerships will initially continue to operate under their current brand before transitioning to Drive later in the year.
Mark Campey, Minstergate Holdings chairman and CEO said: “They have a fantastic business model and I know the team here will be in great hands.”