ASX listed Autosports Group Limited acquires Stillwell Motor Group

BDO’s deal advisory team acted as the lead adviser to Autosports Group Limited (ASX: ASG) on the successful acquisition of Stillwell Motor Group for a total of $55 million comprising of goodwill ($45 million) and plant and equipment ($10 million).

The acquisition includes BMW, BMW Motorrad, MINI, Volvo, MG, and Ducati dealerships in Victoria, Australia, contributing approximately $345 million in annualised revenue. This strategic purchase is expected to increase Autosports Group Limited’s revenues by around 13 per cent, supporting its expansion in luxury brands and major metropolitan markets.

Autosports Group Limited engaged BDO’s deal advisory team in Sydney, led by Daniel Coote, to provide financial due diligence on the transaction.