Gordon Lamb Group sold in £19m deal

Vertu, the car retailer with a network of 132 sales and aftersales outlets across the UK, has bought the Gordon Lamb Group and its subsidiaries for £18.7m.

Gordon Lamb operates the Toyota, Land Rover, Skoda and Nissan outlets in Chesterfield and the Skoda outlet in Derby and has traded for over 60 years.

The acquisition adds Toyota to the Vertu Group and increases the number of outlets operated by the Group in Derbyshire from 10 to 14.

For the year ended 31 December 2015, Gordon Lamb turned over £85.8m, and posted profits of £2.7m.

Robert Forrester, CEO of Vertu Motors said: “Gordon Lamb is a much respected and well established business operating in Derbyshire, a core territory of ours. It is a business we have long admired and I am delighted to welcome them to the Vertu Group. I see a very clear cultural, strategic and business fit.

“We are delighted and excited to commence representing Toyota under the Vertu Toyota brand adding yet another first class franchise to our business.”