Processing timeline
27
days
Acquirer(s)
ALBANY MOTORS PTY LTD ABN - 95 676 040 341
Target(s) or Vendor(s)
Esperance Motor Group Pty Ltd ABN - 57 121 986 016, BUVERIE PTY LTD as trustee for SCHWARZBACK FAMILY TRUST ABN - 80 701 405 315
Other parties
Regent Motors Pty Ltd ABN - 12 008 685 087
Albany Motors Pty Ltd, a Regent Motors Group member, acquired 100% of the shares in Esperance Motor Group Pty Ltd. This transaction consolidates motor vehicle dealership operations in Western Australia, encompassing new and used vehicle sales, servicing, parts, and finance facilitation. Esperance Motor Group operates Toyota and Ford dealerships.
Albany Motors Pty Ltd ( Albany Motors ), a member of Regent Motors Pty Ltd ( Regent Motors Group ), proposes to acquire 100% of the issued shares in Esperance Motor Group Pty Ltd ( Esperance Motor Group ) from Buverie Pty Ltd as trustee for the Schwarzback Family Trust. Regent Motors Group owns and operates franchised motor vehicle dealerships in Western Australia and Northern Territory, and supplies new (by brand) and used motor vehicles, plus aftersales services including servicing and repairs, parts and accessories, fleet sales/service, and finance and insurance facilitation. Esperance Motor Group operates a Toyota and Ford dealership in Esperance, Western Australia, supplying new and demonstrator Toyota and Ford vehicles, used vehicles, and aftersales services including servicing and repairs, parts and accessories, fleet activities, and finance and insurance facilitation.