Walker Morris team supports Vantage in dealership growth

A multidisciplinary team of lawyers from Walker Morris has helped Vantage, the fast-growing motor retailer, to expand its portfolio of dealerships to 25 across the North and Midlands with the acquisition of two more Toyota and one Lexus site in Yorkshire.

All the dealerships, Toyota and Lexus in Leeds and Toyota in Wakefield, were formerly operated by the Benfield Group which was recently acquired by Lookers plc. They take the total number of Vantage Toyota dealerships to 12, making it one of the largest Toyota groups in the UK.

The deal will also see group staff numbers rise from 500 to 600 and annual turnover pass the £200m mark.

Vantage paid £12.68m for the three dealerships and will invest a further £1m in up-grading the sites.

The Walker Morris team was headed by Tom Mieszkowski (corporate) and Judith Pike (real estate) assisted by Victoria Smithers (corporate).