John Clark Motor Group acquires four businesses from Pendragon PLC

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Recognised as one of Scotland’s premier motor trade businesses, the John Clark Motor Group today, 24th June 2013, announces that it has acquired four businesses from Pendragon PLC.

The deal sees the John Clark Motor Group increase its Land Rover presence with the addition of dealerships in Perth and Cupar. The acquisition also enhances the company’s customer offering with Jaguar joining the portfolio of well-known brands represented by the John Clark Motor Group. The Jaguar dealerships are in Edinburgh and Perth.

101 people are employed across the four acquired dealerships; they will continue to be employed by the John Clark Motor Group.

Commenting on the deal the John Clark Motor Group’s chairman & managing director John Clark said, “The acquisition of these four Land Rover and Jaguar sites from Pendragon PLC underlines our commitment to provide quality service and premium brands throughout Scotland. Land Rover Pentland has been our only car dealership in the Scottish capital to date but this will change with the addition of the Jaguar dealership. We are further adding to the Pentland arm of our business and cementing our presence in the Central Belt with the addition of the Land Rover dealerships in Perth and Cupar and the Perth Jaguar site.”

2012 was the John Clark Motor Group’s third consecutive record year. Turnover rose 15% to £355 million and the company’s net trading profit reached £5 million; an increase of 16%. The number of new vehicles sold across the John Clark Motor Group during 2012 increased by 20% to 8,483 units. Used car sales also saw record results with sales increasing to 7,079; an uplift of 17% on the previous year. 2013 looks set to continue the trend with the company enjoying a record first quarter with turnover of £108 million.

“The additions to our portfolio will further strengthen our place at the forefront of the Scottish automotive sector and serve as a platform for future growth,” continued John Clark.

“We are delighted to welcome the staff from the four acquired sites to the John Clark Motor Group team. As a truly customer focused business we understand and recognise the importance of the role our employees play in representing our brand and building the business for the future. The employees from the acquired dealerships and their loyal customers offer a solid base for us to build on and further improve the experience for all our customers.”

He added, “We view the expansion of our Land Rover presence and the addition of the Jaguar brand as an exciting time for the John Clark Motor Group. Both are premium brands and are recognised as being synonymous with quality. Land Rover and Jaguar have a fantastic range of products and there are more exciting developments in the pipeline.”

“Our people are our most valuable asset and we are committed to investing in their continued development. Our newest team members will experience this commitment almost immediately through our induction and in dealer training programmes. These are structured to ensure they have the skills to enable them to deliver the highest levels of service to our customers. This will be a key focus for each of these businesses to ensure that they can continue to grow and develop their customer relationships. ”

The family run and owned business now employs more than 900 people and has 11 automotive brand franchises across 21 sites in Scotland.

“The John Clark Motor Group is, and will continue to be, a family owned and run business,” concluded John Clark. “Our ethos has always been to provide quality products backed up by the highest levels of customer service and this philosophy will transfer to the new additions to our portfolio. There are exciting synergies between our existing and new dealerships; as a team we will work hard to ensure our new employees quickly feel part of the John Clark Motor Group family.”

The deal was supported by Burness Paull & Williamsons, Empire HR, Grant Thornton UK LLP and Lloyds Banking Group.

Stuart Brown, Regional Director, Bank of Scotland Commercial Banking commented, “We are delighted to further support the management in this exciting acquisition. We are convinced it will be highly successful for Jaguar and Land Rover as well as the John Clark Motor Group.”

Neil McInnes, Head of Corporate Finance, Scotland for Grant Thornton added, “Grant Thornton is delighted to have supported the John Clark Motor Group in this important transaction. The acquisition of these four businesses enhances the existing brands and geographies supported by the John Clark Motor Group and supplements the continued growth in the existing business.”

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