Shares in car retailer Marshall Motor (MMH) soared this week after it announced its largest acquisition yet. The group has purchased the entire share capital of Ridgeway Garages for nearly £107m, which adds 30 franchised dealerships - including 13 freehold properties - to Marshall's existing estate. It also expands the group's current geographic footprint from 19 to 25 counties in England, albeit with no overlap to current Marshall locations. The deal will be funded from existing balance sheet facilities.
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