Top 3 dealer Lookers has added BMW and Mini to its portfolio of brands by acquiring the Knights Group.
The £27m purchase of Knights includes six dealerships, bringing the total of Lookers dealerships nationwide to 166. Knights BMW and MINI has dealerships in Stafford, Stoke and Crewe.
The acquisition follows last week's purchase of Drayton Group for £55.4m, bringing with it an additional 7 Mercedes-Benz dealerships in the West Midlands when it completes in October.
Lookers chief executive Andy Bruce said: “The acquisition of Knights is one of our 2016 business priorities and fits with our two key business objectives; firstly, to deliver an outstanding customer experience and secondly, to make key acquisitions that enhance stakeholder value through the addition of great brands in prime retail locations.
“Knights is another perfect fit for Lookers and allows us to offer our customers an even wider choice of fantastic vehicles. We are excited to be adding BMW and MINI to our list of brands due to their history of producing some of the world’s most celebrated and iconic cars."