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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 implausible enterprise on a really engaging freehold property that sits adjoining to a few of our different companies, subsequently it enhances the portfolio completely. We sit up for welcoming our new colleagues into the enterprise which continues to develop every single day.
As a gaggle we proceed to develop and have been supported very properly by Ian McMahon and the UHY workforce, subsequently 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 workforce in Ashford, nonetheless it feels the suitable time to go the enterprise on to a bigger group who can additional develop and develop it. We wish to thank our superb workforce and need Jonathan and JCB all the very best for the longer term.”
The deal was managed by David Kendrick and his automotive workforce at UHY Hacker Younger who represented Ashford Orbital Restricted with the sale. “Now we have labored with Jeff and Olly for a while now they usually have constructed up a beautiful 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 carry it into their ever rising south east portfolio.”
The group additionally represents different manufacturers together with Volkswagen, Renault, Cupra, VW Industrial Automobiles and Skoda within the south east of England.
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