Dubai-based conglomerate AW Rostamani, the funding group behind AM100 dealership group Brayleys Automobiles, is ready to accumulate Johnsons Automobiles to create one of many UK’s prime ten automotive retailers.
Collectively, the mixed enterprise will function 79 franchise gross sales shops nationwide, representing 21 automotive manufacturers and using practically 2,000 employees.
The deal which is anticipated to finish by the top of June by way of AW Rostamani’s Athenaeum Worldwide Holdings additionally contains the £936 million-turnover enterprise’ TPS Centres, Fleet Companies, and group help features.
Dubai-based conglomerate AW Rostamani, the funding group behind AM100 dealership group Brayleys Automobiles, is ready to accumulate Johnsons Automobiles to create one of many UK’s prime ten automotive retailers.
Collectively, the mixed enterprise will function 79 franchise gross sales shops nationwide, representing 21 automotive manufacturers and using practically 2,000 employees.
The deal which is anticipated to finish by the top of June by way of AW Rostamani’s Athenaeum Worldwide Holdings additionally contains the £936 million-turnover enterprise’ TPS Centres, Fleet Companies, and group help features.
Johnsons Automobiles, based in 1999 after buying Johnson Brothers, at present ranks nineteenth within the AM100 and represents 16 manufacturers, with specific energy within the Volkswagen Group portfolio – Volkswagen, Seat, Cupra, and Škoda.
The acquisition can even bolster the group’s illustration of Mazda, Suzuki, Hyundai, and Honda, making it the biggest Honda vendor group in Europe by quantity.
Since Athenaeum’s preliminary funding in Brayleys Automobiles in 2018, its portfolio has expanded additional with the acquisition of 9 West Means websites from Nissan GB in 2022. Brayleys at present operates 30 franchise gross sales factors and ranks thirty sixth within the AM100 with a turnover of £552 million.
The share buy deal means Athenaeum will purchase all operational entities, employees, and naming rights related to Johnsons Automobiles.
José Blanco, CEO of Brayleys, described the acquisition as “an thrilling new chapter.”
“Johnsons Automobiles is a extremely regarded and well-run enterprise that completely enhances our present model portfolio and geographic footprint,” he stated.
“The shared values between our groups and our mixed energy in key producer partnerships make this a pure match for the subsequent step in our development trajectory.”
Mike Berwick, Johnsons’ chief government, stated: “After 26 years of Johnsons Automobiles, it was extremely vital to seek out the correct enterprise to hold it ahead.
“Following cautious consideration by the board, we’re assured that the brand new house owners share our values and have the imaginative and prescient and means to create continued success for our employees, model companions, and clients.
“I wish to sincerely thank our devoted staff, loyal model companions, and valued clients all of which have been instrumental in shaping Johnsons Automobiles into the enterprise it has change into.”
Johnsons Automobiles was suggested by Cooper Parry’s David Kendrick and Sam Rotherham. Kendrick informed AM: “Johnsons has grown considerably over time and this transfer by AWR actually demonstrates their dedication to the UK auto sector. Johnsons matches completely between their present companies and permits the shareholders a chic exit from the business. Additional worldwide funding into the sector isn’t a nasty factor, that’s for certain!”
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