HCR’s automotive specialists have enjoyed a busy start to 2022, with three deals completed so far in Q1, supporting business expansion and development in the South West, Midlands and Wales.
In January, Tim Ward helped Gloucestershire-based motor group Baylis acquire Southern Vauxhall in Merthyr Tydfil. The deal takes Baylis to over 350 staff across nine dealerships in the three counties, as well as two standalone accident repair centres and a used car centre in Worcester.
Baylis director Dave Jones said: “We believe that the business in Merthyr will be a great fit with the existing Baylis group, bringing an experienced team who always excel with customer service. Having HCR on our side undoubtedly contributed to a successful deal because they bring automotive experience and real commercial understanding to the process.”
In February, Startin acquired Cresser Vauxhall in Redditch, where the group already represents Peugeot, Kia and Suzuki from its Far Moor Lane dealership. HCR’s Tom Bartley-Smith advised Startin.
“This was a strategic acquisition for Startin, adding another Stellantis brand to our portfolio and giving us further representation in Redditch. Naturally, HCR were involved right from the beginning,” said Tim Freeman, MD of Startin. “Their motor trade expertise proved invaluable both in structuring the deal and driving it through to completion.”
In March, HCR acted for Andrew Hockedy and Nigel White in the sale of Trust Group UK to Johnsons Cars. Trust Group UK operates Volkswagen and Skoda dealerships in Redditch, Stourbridge and Wolverhampton, alongside three Trade Parts Specialist franchises covering the whole of the West Midlands, so the acquisition not only expands Johnsons’ network but also provides a one stop shop for original equipment parts for all Volkswagen brands. HCR’s team was led by Alison Scott.
Nigel said: “We have relied on the experts at HCR for many years now. Their understanding of our business and the sector in which it operates helped get the sale over the line.”
Tom Bartley-Smith said: “There really is no substitute for experience in the automotive sector, and this year so far has demonstrated how much pent-up demand there is for that experience to support business progression.”
Harrison Clark Rickerbys has more than 800 staff and partners based at offices in Cheltenham, Birmingham, Cambridge, Cardiff, Hereford, London, Milton Keynes, Northampton, Thames Valley ,Worcester and the Wye Valley, providing a complete spectrum of legal services to both business and private clients regionally and nationwide.
The firm has a number of highly successful teams specialising in individual sectors, including education, health and social care, technology, agricultural and rural affairs, finance and financial services, defence, security and the forces, and construction.