2:40 pm, November 13, 2014
THE Jacksons Channel Islands Group, including the Jacksons and Motor Mall dealerships in Jersey and Guernsey, is being sold to Ravenscroft Investments for £41.7 million.
It’s thought the deal will have been completed by the end of December.
Director Tom Scott told ITV News: ‘My family and I have a long association with both Jacksons and the motor trade, and so our decision to sell has not been taken lightly.
‘It is clear that the purchasers are committed to investing further in the business to ensure its ongoing success, and most importantly to keep it at the forefront of motor retail within the Channel Islands.
‘We are confident that we have found the right custodians to work together with the strong management team and take forward a business that our family has built up over the last two decades.
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