East Anglian seller group EMG Anglia has been acquired by Grainger Motor Group founders, brothers Harry and Neal Grainger.
Based mostly on EMG’s newest statutory accounts, exhibiting £116 million turnover, the deal signifies that Grainger Motor Group will quickly close to the brink of the AM100 rankings of the UK’s largest franchised motor retailers.
“The longstanding, profitable EMG enterprise is an acquisition that matches geographically and strategically with our progress ambitions, permitting us to additional our robust partnership with Kia and choose up our former relationships with Mazda, Nissan and MG,” stated the Grainger brothers, who had beforehand labored with their father David Grainger at Norton Manner Group.
The deal will see Grainger Motor Group develop to 14 websites which incorporates Kia Cambridge, Ely, Kings Lynn & Thetford, Mazda Cambridge & Boston, MG Ipswich, Nissan Kings Lynn and used automobile websites in Huntingdon, Duxford, Bury St Edmunds, Spalding and Esso Stapleford.
“We sit up for assembly all of the EMG employees and welcoming them into the Grainger Motor Group household,” stated managing director Harry Grainger.
Earlier this month Harry and Neal Grainger who are actually joint managing administrators of the group formally turned enterprise companions with the acquisition of Mantles Kia Royston. That paved the way in which for the creation of the brand new seller group 5 months after leaving their positions as operations director and finance director at Norton Manner Group which was acquired by Marubeni Auto Funding in 2008.
They rapidly accomplished the acquisition of a second web site – EMG Royston, together with a Vauxhall authorised restore station, which adjoins the Royston web site, extending its footprint to 2.6 acres.
Pictured are Neal and Harry gathering an award for 2nd place within the Kia seller excellence for 2023 earlier this month