Gilder Group, the Sheffield-based motor dealer, has been acquired by the JCT600 group in a multi-million pound deal.
The deal, for an undisclosed sum, running into eight figures, does not include Gilder’s three Honda sites.
Gilder Group chief executive Garry Scotting,said: “The acquisition marks an end of an era for me, one of which I am proud.
“My first interaction with Volkswagen and Audi came in 1980 at Gordon Lamb. After joining Gilders in 1985, I was able to further pursue my career with the brands and when I was given the opportunity of taking control of the group 11 years ago it was a business opportunity not to be missed.
“The group will continue to have a presence in Sheffield as we have chosen to retain our three Gilder Honda sites, and, even though I am retiring from the business, I will retain shares in the group and support the Gilder Honda team to grow.”
The Gilder Group was founded in Sheffield in 1938 by William Gilder. It was a pioneering car retailer, opening the first Volkswagen dealership in the UK in 1953 and growing into a £200 million turnover business.
JCT600 was established in 1946. Chairman Jack Tordoff turned it into one of Yorkshire’s largest private companies.
Under the leadership of chief executive John Tordoff the company has made a number of acquisitions in recent years and now represents 21 vehicle brands from Audi, Bentley and Ferrari to Porsche, SEAT and Volkswagen.
The latest deal follows on from JCT600’s acquisition of Gilder’s Audi distributorships in York and Hull in 2009.
It is the biggest deal JCT600 has ever done, increasing its revenues by more than 30 per cent to more than £850m.
“This acquisition is another leap forward for us as a group, strengthening our coverage geographically and adding some more strong dealerships to the group,” said John Tordoff.
“Garry has built a solid, profitable business since he took control of the Gilder Group in 2002, and one that will dovetail perfectly with our existing operations and give us further economies of scale and increased buying power.”
Nine dealerships that will change, including Audi dealerships in Sheffield and Doncaster; Volkswagen dealerships in Sheffield, Chesterfield, Rotherham and Newark; VW Commercial Vehicle dealerships in Sheffield and Newark and one SEAT dealership in Sheffield.
JCT600 has also acquired the Gilder paint and body repair centre in Sheffield and trade parts specialists businesses in Sheffield and Lincoln.
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