Brayleys Automobiles has acquired Grovebury Kia Dunstable for an undisclosed sum.

The acquisition takes the variety of franchised dealerships throughout the Brayleys group to 18.

This additional strengthens the seller group’s relationship with the marque, including to its present Kia dealership community in Enfield, Harpenden, and Oxford.

Brayleys represents Kia, Honda, Mazda, Renault and Dacia throughout Buckinghamshire, Hertfordshire, Surrey, North & South London, Essex, Kent and Oxfordshire.  

Managing Director Paul Brayley mentioned”The group at Grovebury Automobiles are vastly skilled and the enterprise is famend for delivering excellent customer support.  Its values are intently aligned to our personal which is why I’m so excited to have such a gifted group be a part of our group.

“The enterprise continues to develop and evolve organically, virtually doubling in measurement over the past 4 years.”

Brayleys, which is majority owned by Dubai-based worldwide traders AW Rostamani, has skilled a powerful buying and selling efficiency, having grown its turnover from £157.8m in 2021 to £188.6m final yr.

It was not too long ago ranked as one of many UK’s greatest workplaces within the giant office class by Nice Place to Work.

The Grovebury acquisition was brokered by automotive consultancy MotorVise, which acted on behalf of former house owners Martin and Jacqui Camplin. It has been concerned within the sale of all three of their dealerships.

MotorVise, which not too long ago reported a three-fold improve in its M&A advisory exercise because the begin of the pandemic, is presently working with a number of dealership teams and independents to organize their companies on the market. 

Fraser Brown, founder and managing director of MotorVise, added: “For the reason that pandemic, our specialist automotive enterprise brokerage service has skilled a three-fold improve in demand because the pattern in the direction of the conglomeration of dealerships continues.”

The Camplins, who constructed Grovebury up over a number of years, determined to promote its three dealerships to speculate and concentrate on different enterprise pursuits.

Martin and Jacqui Camplin mentioned: “It’s been a privilege to serve our clients at Grovebury Kia Dunstable and we sit up for pursuing different enterprise ventures, protected within the information that the way forward for the dealership is in good arms.”