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 website, 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 look ahead to welcoming our new colleagues into the enterprise which continues to develop daily.
As a bunch 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 pleased with what we now have achieved with our workforce in Ashford, nevertheless it feels the suitable time to go the enterprise on to a bigger group who can additional develop and develop it. We want to thank our wonderful workforce and want Jonathan and JCB all the perfect for the long run.”
The deal was managed by David Kendrick and his automotive workforce at UHY Hacker Younger who represented Ashford Orbital Restricted with the sale. “We’ve got labored with Jeff and Olly for a while now and so they have constructed up a stunning enterprise,” stated Kendrick.
“The positioning, coupled with the franchise portfolio was prime for being acquired by one of many greater teams and there was a variety of curiosity within the enterprise, nevertheless it makes full sense for JCB to convey it into their ever rising south east portfolio.”
The group additionally represents different manufacturers together with Volkswagen, Renault, Cupra, VW Business Autos and Skoda within the south east of England.