Autosports spends $9M for Trivett Alexandria

Autosports spends $9M for Trivett Alexandria

 

Autosports spends $9M for Trivett Alexandria
  • Autosports Group has bought Trivett in Alexandria for around $9 million
  • Trivett Alexandia is made up of six luxury and super lux car dealerships
  • The brands represented are Jaguar, Land Rover, Rolls Royce, McLaren, Bentley and Aston Martin.
  • In the last financial year, Trivett Alexandria made $200 million in revenue.
  • Autosports Group is up 7.98 per cent, trading for $1.76 per share at 13:19 AEDT

Autosports has signed a $9 million agreement to buy rival automotive dealership Trivett in Alexandria.

Trivett Alexandria sells six luxury and super luxury brands, meaning Autosport Group, which represents the likes of Lamborghini and Mercedes-Benz, will now have Jaguar, Land Rover, Rolls Royce, McLaren, Bentley and Aston Martin cars in its showrooms.

Autosports Group is Australia’s largest prestige and luxury automotive dealership group, with 37 retailers in Sydney, Melbourne and Brisbane. Trivett’s retailers are importantly in the same cities…

This article is from The Market Herald, you can read the full article here:

https://themarketherald.com.au/autosports-spends-9m-for-trivett-alexandria-2019-11/