SYDNEY – Australian automotive dealership group Peter Warren Automotive Holdings Limited (ASX: PWR) announced Friday it has agreed to acquire Wakeling Automotive, a family-owned multi-franchise dealership group based in Macarthur, New South Wales.
The strategic acquisition, valued at approximately $28 million, will add 30 dealerships representing 16 brands to Peter Warren’s portfolio. Brands include Hyundai, Kia, Mitsubishi, Nissan, Volkswagen, and Mercedes-Benz. The purchase will be funded from the group’s existing debt facilities.
Wakeling Automotive, a 40-year-old business, generates about $500 million in annual turnover and employs roughly 370 people. Its operations are primarily in the Macarthur region, with additional locations in Wollongong, Shellharbour, and Moss Vale.
Peter Warren CEO Andrew Doyle said the acquisition continues the group’s disciplined consolidation strategy and expands its scale in Western Sydney, a key growth corridor. He highlighted the cultural alignment between the two companies.
“This marks a continuation of our disciplined consolidation strategy and brings further operational and scale benefits in one of Australia’s fastest-growing regions,” Doyle said.
The transaction is expected to be immediately accretive to earnings per share after funding costs. It remains subject to standard conditions, including approvals from the Australian Competition and Consumer Commission and relevant vehicle manufacturers. Completion is anticipated in the coming months.
Following the acquisition, Wakeling Automotive’s senior management team will join Peter Warren.
Peter Warren operates more than 80 franchise dealerships across Australia’s eastern seaboard, representing over 30 automotive brands.