James Frizelle's Automotive Group – sale to Peter Warren Automotive Group and Quadrant Private Equity
Miles Advisory Partners acted as advisor to the shareholders of James Frizelle's Automotive Group on its sale to Peter Warren Automotive Group, in partnership with Quadrant Private Equity.
Transaction Details
Sector
Consumer
Miles Role
Sell-side advisor to the shareholders of James Frizelle's Automotive Group
Deal Type
Business Divestments
Year Completed
2017
Contacts for this Transaction
Lloyd Way
Managing Director
Rohan Manikath
Managing Director
Overview
- James Frizelle's Automotive Group was established in 1985 and is one of Queensland's largest motor vehicle dealer groups, selling over 15,000 new and used vehicles per annum across 11 brands from 6 sites in South East Queensland and Northern NSW
- Frizelle's flagship Southport site housed 7 new car franchises alongside a used car department and state-of-the-art service and parts facilities; other sites are located in Springwood, Nerang, Robina, Tweed Heads and Lismore (at time of transaction)
- Peter Warren Automotive Group (PWG), founded in 1958, operated retail sites across Sydney, Bathurst and South East Queensland, representing 23 brands including Rolls-Royce, McLaren and Aston Martin, and selling approximately 21,000 vehicles per year (at time of transaction)
- The combination created a 15-site group with approximately $1.5 billion in combined annual revenues and over 100 years of shared heritage — one of Australia's largest privately-held automotive retail groups at the time of the transaction, forming a foundation for the Peter Warren IPO in 2021
- Quadrant Private Equity, which already held a majority stake in PWG, co-invested in Frizelle's as part of a broader growth strategy targeting greenfield, brownfield and consolidation opportunities across the Australian automotive retail market
