M&A Deal Summary

Turners Automotive Group Acquires Buy Right Cars

On July 12, 2016, Turners Automotive Group acquired retailer Buy Right Cars for 15M AUD

Acquisition Highlights
  • This is Turners Automotive Group’s 1st transaction in the Retail sector.
  • This is Turners Automotive Group’s 2nd largest (disclosed) transaction.
  • This is Turners Automotive Group’s 2nd transaction in New Zealand.

M&A Deal Summary

Date 2016-07-12
Target Buy Right Cars
Sector Retail
Buyer(s) Turners Automotive Group
Deal Type Add-on Acquisition
Deal Value 15M AUD

Target

Buy Right Cars

Manukau, New Zealand
Buy Right Cars Ltd. is a Auckland based used motor vehicle import and dealership network. Buy Right Cars was established 18 years ago and has grown to become one of the largest participants in the Auckland market, operating from eight sites with a fully equipped mechanical and import compliance workshop more recently established in Manukau City.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Turners Automotive Group

Auckland, New Zealand

Category Company
Founded 1984
Sector Financial Services
Employees708
Revenue 255M NZD (2025)
DESCRIPTION

Turners Automotive Group is a New Zealand owned and operated company listed on the NZX and has been providing finance and insurance products for over 30 years. Company operates in two broad markets: used vehicles and commercial goods. Products are sold on behalf of vendors. Turners Automotive Group was founded in 1984 and is based in Auckland, New Zealand.


DEAL STATS #
Overall 2 of 3
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: New Zealand M&A 2 of 3
Year: 2016 M&A 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-30 Southern Finance

Christchurch, New Zealand

Southern Finance is an established finance company in the used vehicle finance market and has been active in the South Island for close to 20 years with extensive client and referrer networks in Christchurch and throughout the South Island. Loans are originated through motor vehicle dealers, finance brokers, strategic partnerships and direct lending.

Buy $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 Autosure New Zealand

Auckland, New Zealand

Autosure New Zealand Ltd. is a provider of automotive insurance. The company was founded in 1986 and is based in Auckland, New Zealand.

Buy AU$34M