Autosports Group (ASX:ASG) completes the purchase of the business operated by Trivett - Sequoia Direct Pty Ltd

12FebFebruary 12, 2020

Autosports Group (ASX:ASG) completes the purchase of the business operated by Trivett

Autosports Group (ASX:ASG) has completed the purchase of the business operated by Trivett at Alexandria.

This acquisition brings five new brands to Autosports Group’s luxury portfolio, including Jaguar, Land Rover, Rolls-Royce, McLaren and Aston Martin.

The sixth dealership is Bentley Sydney which will be the Group’s first Bentley dealership in New South Wales and third across the Group.

The business operated by Trivett is a substantial operating business which delivered around $200 million of Revenue and around $3.7 million of EBITDA in the 12 months to 30 June 2019.

Shares in Autosports Group (ASX:ASG) Shares are flat at $1.65.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

05FebFebruary 5, 2020

Janus Henderson (ASX:JHG) report net profits up 4.8% on last year

05 Feb 2020 - Janus Henderson (ASX:JHG) reported net profits of $112 million US for the three-month period, up 4.8 per cent on the same period a year ago.

01NovNovember 1, 2019

Bapcor (ASX:BAP) set to purchase Truckline and Diesel Drive

01 Nov 2019 - Automotive aftermarket parts company, Bapcor (ASX:BAP), has penned agreements to purchase both Truckline and Diesel Drive.

04MarMarch 4, 2020

Engenco (ASX:EGN) sell rail wagon fleet

04 Mar 2020 - Industrial engineering services group, Engenco (ASX:EGN) is pleased to announce that its subsidiary, Gemco Rail has crystallised an unconditional sale agreement to sell its remaining rail rental wagon fleet.

03DecDecember 3, 2020

BrainChip Holdings (ASX:BRN) completes the Akida production design

03 Dec 2020 - Artificial intelligence technology company BrainChip Holdings (ASX:BRN) has completed the Akida production design.

14DecDecember 14, 2021

Stocks of the Hour: Woolworths, Nearmap & Growthpoint Properties

14 Dec 2021 - A snapshot of the stocks on the move featuring Woolworths (ASX:WOW), Nearmap (ASX:NEA), Growthpoint Properties Australia (ASX:GOZ).

23DecDecember 23, 2020

Ingenia Communities Group (ASX:INA) acquisition of a NSW caravan park

23 Dec 2020 - Ingenia Communities Group (ASX:INA) today announced the acquisition of Merry Beach Caravan Park for $20.5 million.

29DecDecember 29, 2020

Mach7 Technologies (ASX:M7T) appoint a new director

29 Dec 2020 - Data management solutions company Mach7 Technologies (ASX:M7T) has appointed Philippe Houssiau as a Non-Executive Director, effective from 1 January 2021.

21JulJuly 21, 2020

Downer (AXS:DOW) in $400m equity raising and corporate overhaul

21 Jul 2020 - Downer (AXS:DOW) has launched a $400 million equity raising to strengthen it’s balance sheet, fund acquisition of the remaining shares in Spotless and provide flexibility for continued investment in Downer’s core business.

23AprApril 23, 2020

Electro Optic Systems (ASX:EOS) awarded NATO navies contract

23 Apr 2020 - Electro Optic Systems (ASX:EOS) Brisbane-based subsidiary, EM Solutions, has won $14 million of orders from four navies for its Cobra maritime satellite terminals.

27JanJanuary 27, 2021

Oil Search (ASX:OSH) record annual PNG LNG production

27 Jan 2021 - Oil Search (ASX:OSH) has delivered a solid quarter, resulting in record annual Papua New Guinea liquefied natural gas production against a backdrop of improving commodity prices.