JCB Group is on the hunt for additional acquisitions after finishing the acquisition of Ashford Orbital.
The deal which follows the acquisition of Tunbridge Wells Volkswagen in December additional establishes the group’s presence within the south east.
Ashford Orbital which represents Kia, Mazda and Suzuki occupies a 2.5 acre web site, was bought from Drake and Fletcher in 2008 by Jeff Wilson and Oliver Barford.
Jonathan Bischoff, managing director of JCB Group stated: “The Ashford Orbital enterprise has been one which I’ve had my eye on for a while. Jeff and Olly have constructed a improbable enterprise on a really enticing freehold property that sits adjoining to a few of our different companies, due to this fact it enhances the portfolio completely. We stay up for welcoming our new colleagues into the enterprise which continues to develop day-after-day.
As a gaggle we proceed to develop and have been supported very nicely by Ian McMahon and the UHY crew, due to this fact if any sellers in our area are contemplating an exit we’re eager they contact Ian.”
Jeff Wilson, managing director of Ashford Orbital added: “We’re happy with what we’ve achieved with our crew in Ashford, nonetheless it feels the proper time to go the enterprise on to a bigger group who can additional develop and develop it. We want to thank our wonderful crew and need Jonathan and JCB all the most effective for the long run.”
The deal was managed by David Kendrick and his automotive crew at UHY Hacker Younger who represented Ashford Orbital Restricted with the sale. “We’ve labored with Jeff and Olly for a while now they usually have constructed up a stunning enterprise,” stated Kendrick.
“The location, coupled with the franchise portfolio was prime for being acquired by one of many larger teams and there was loads of curiosity within the enterprise, nonetheless it makes full sense for JCB to deliver it into their ever rising south east portfolio.”
The group additionally represents different manufacturers together with Volkswagen, Renault, Cupra, VW Industrial Autos and Skoda within the south east of England.