Household-owned SMC Motor Group has been acquired by SLM Group for an undisclosed sum.

SMC Motor Group has operated 4 dealerships in Surrey and Hampshire with the SEAT, Renault, Dacia and CUPRA franchises for over 39 years.

SLM Group operates websites in East Sussex, Kent and East Anglia, comprising 5 Toyota dealerships, one Vauxhall dealership, one Suzuki dealership, one GMW ORA dealership, two used automobiles websites SLM Choose plus two physique restore centres.

This acquisition takes SLM’s as much as 16 illustration factors in addition to their first foray into SEAT / Cupra and Renault / Dacia. The sale sees SMC Motor Group shareholders James Kimber and Anne Knight retire from the automotive business.

Mark Phillips, CEO of SLM Group stated: “We’ve got been eager to broaden for a while now and with the addition of SMC Motor Group, permits us to develop our adjusted working earnings. We stay up for welcoming our new colleagues into the enterprise and are excited to work with some new model companions shifting ahead.”

James Kimber, managing director of SMC Motor Group added: “I’m happy to have concluded a cope with SLM Group who’ve very related household values to ourselves and have little question they may proceed the success we’ve managed to realize at SMC over the previous 39 years.

“We want to pay tribute to the onerous work and dedication of our staff and for the contribution to the excellent success SMC Motor Group has been capable of obtain.”

SMC was represented within the sale by David Kendrick and his automotive group at UHY Hacker Younger. Kendrick stated: “SMC has been profitable regional household run enterprise for so long as I can bear in mind. With the continued consolidation happening and lack of succession throughout the enterprise, promoting to SLM Group makes full sense and I’m positive Mark and his director group will make an enormous success of the companies shifting ahead.”