Autosports Group Limited (ASX: ASG) has completed its acquisition of ten Barry Bourke Motors dealerships in Victoria for approximately $32.8 million.
The dealerships include Audi, Volvo Cars, Jaguar Land Rover, Geely, GMSV, LDV, Peugeot, Renault and Suzuki operations in Berwick, plus a Jaguar Land Rover dealership in Doncaster. The acquisition was completed through ASG’s wholly owned subsidiary Autosports Castle Hill Pty Ltd.
The purchase consideration comprised $29 million for goodwill and approximately $3.8 million for net tangible assets, plant and equipment. ASG funded $14 million of the transaction through the issue of shares priced at $4.50, with the remaining cash portion drawn from existing debt facilities.
The acquisition strengthens Autosports Group’s collaboration with several key automotive brands while securing flagship locations in important Victorian markets. The dealerships generated FY25 revenue of $212.4 million according to the company’s original announcement.
“This strategic acquisition deepens our collaboration with Jaguar Land Rover, Audi, Volvo Cars and Geely, while expanding our presence in Victoria,” Autosports Group chief executive Nick Pagent said when the deal was first announced.
“The acquisition is expected to be immediately earnings accretive, with business margins anticipated to improve to Autosports Group’s average margins within the first 12 months.”
Pagent acknowledged the support of Barry Bourke and Darren Bourke throughout the transaction process and thanked the company’s original equipment manufacturer partners for their continued commitment.
The completion follows Autosports Group’s initial announcement of the acquisition agreement on 21 November 2025, with the transaction proceeding on schedule.
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