Car dealer network Automotive Holdings Group has added Mazda to its stable of WA dealerships, with the acquisition of Jason Mazda in Osborne Park for $13 million.
Managing director Bronte Howson said the company was excited to announce the acquisition, flagging plans to redevelop the dealership site to create a new showroom, double servicing capacity and increase display space.
"The location also offers the opportunity to leverage a range of synergies and cost-efficiencies, being close to AHG's existing automotive hub of nine high profile dealerships in Osborne Park," Mr Howson said.
The acquisition means AHG holds 12 of the top-13 selling manufacturers in its portfolio of brands.
Mr Howson said the $13 million paid for Jason Mazda was subject to final asset valuation.
The dealership generated about $50 million in annual revenue, he said.
AHG operates four Mazda dealerships in other locales – two in Sydney and two in New Zealand.
The company has announced a significant run of acquisitions in recent months, including securing two Toyota dealerships in Melbourne for $20 million in April.
That purchase follows the acquisitions of Coffey Ford and the Bayside and Peninsula Groups on Victoria’s Mornington Peninsula.
At 1:45PM, WST, AHG shares were down 7 cents at $3.64.
