Peter Warren Boosts Western Sydney Scale with $28m Wakeling Automotive Deal

Peter Warren Automotive Holdings Ltd ( (AU:PWR) ) has provided an announcement.

Peter Warren Automotive Holdings has agreed to acquire Wakeling Automotive, a 40‑year‑old multi‑franchise dealership group based in Macarthur, NSW, with additional sites in Wollongong, Shellharbour and Moss Vale, for approximately $28 million funded from existing debt facilities. The deal adds 16 popular brands across 30 dealerships, brings roughly $500 million in annual turnover and about 370 staff into the group, is expected to be immediately earnings per share accretive after funding costs, and strengthens Peter Warren’s scale and footprint in the fast‑growing Western Sydney corridor, reinforcing its ongoing consolidation strategy subject to regulatory and manufacturer approvals.

The most recent analyst rating on (AU:PWR) stock is a Buy with a A$2.30 price target. To see the full list of analyst forecasts on Peter Warren Automotive Holdings Ltd stock, see the AU:PWR Stock Forecast page.

More about Peter Warren Automotive Holdings Ltd

Peter Warren Automotive Holdings is a long‑established Australian automotive dealership group with more than 65 years of operations. It runs over 80 franchise operations and represents more than 30 original equipment manufacturers across volume, prestige and luxury vehicle segments along the eastern seaboard, trading under banners including Peter Warren Automotive, Frizelle Sunshine Automotive, Sydney North Shore Automotive, Mercedes‑Benz North Shore, Macarthur Automotive, Penfold Motor Group, Bathurst Toyota and Volkswagen, and Euro Collision Centre.

Average Trading Volume: 200,872

Technical Sentiment Signal: Sell

Current Market Cap: A$296.7M

For a thorough assessment of PWR stock, go to TipRanks’ Stock Analysis page.