Discover drives off with motor home site

A caravan and outdoor leisure retailer has strengthened its motor home operations after buying a dealership in Staffordshire.

Discover Leisure has moved into the Midlands market with the acquisition of the site in Cannock from the Brownhills Group.

The dealership, which sells European and US-manufactured motor homes from a five-acre leasehold site, was bought for some £2.66 million, part funded through debt.

Discover Leisure’s chief executive Trevor Parker says the acquisition is part of its strategy of regional expansion within the UK. The dealership is the latest addition to Discover’s portfolio, following its takeover of caravan retailer Leisure World for £5.75 million and the £20 million it paid for Barrons Holdings, a seller of caravans, motorhomes and accessories. It also owns Mendip Caravan Centre, which has three retail outlets.

The acquired business reported an £18.15 million turnover in the year to December 2006, and its board expects revenues of £13.18 million in its last financial year.

Discover Leisure, formerly Titan Move, was established as a cash shell to buy businesses in the leisure and tourism sector. The East Yorkshire-based group, which floated on AIM in 2005, has 15 branches employing more than 600 people across England and Wales.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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