2:57 am, March 2, 2010
JCT600 has expanded again with the acquisition of three more Audi dealerships for an undisclosed sum.
The Boston Audi, Lincoln Audi and Grimsby Audi dealerships, together employing 155 staff, were operated by Bramall and Jones Ltd, a company owned by Tony Bramall and Peter Jones.
The company has been sold outright to the family-owned JCT600 Group which now operates 47 dealerships throughout Yorkshire, Derbyshire, Lincolnshire and the North East and employs more than 1,350 people.
JCT600 chief executive John Tordoff, pictured, said: ‘This latest acquisition provides us with another fantastic opportunity with Audi, one of the world’s leading car manufacturers.’
Audi became the latest addition to the long list of JCT600 dealerships following the acquisition of Hull and York Audi in August last year. The company operates dealerships selling 20 of the world’s most respected brands such as Aston Martin, Bentley, BMW, Ferrari, Maserati, Mercedes-Benz, Porsche and Volkswagen.
The deal, which was supported by Lloyds TSB Corporate Markets, is expected to see the three new additions contribute around £80m to the group’s turnover that is expected to top £550m in 2010.
