Eastbourne Motoring Centre has acquired Goldsmith and Allcorn’s Uckfield Vauxhall business for an undisclosed sum.
The Sussex-based business has added acquired the trade and assets of the Uckfield Vauxhall business, which the groups claims is as an excellent fit for the family-owned business.
EMC said in a statement that the Uckfield business would assist it in increasing representation in the local market where they “have continually delivered great levels of service to customers” and have “successfully represented Vauxhall and Suzuki for a number of years”.
Mark Lambird, Managing Director of Eastbourne Motoring Centre Limited, said:
“We are delighted to announce that Uckfield Vauxhall has now joined the Eastbourne Motoring Centre Group and are very much looking forward to working with new team members and warmly welcoming our new customers.
“We are very excited to share best practice and aim to deliver the highest levels of customer service and satisfaction in both sales and service to our highly valued customers.”
In its last published accounts, to the year ended December 31, 2015, EMC – which has Suzuki and Vauxhall franchises in Eastbourne – recorded a turnover of £37.8 million, down 6.4% on the previous year’s £40.4 million which it attributed to a “change in the market for Armed Forces and Tax Free vehicles”.
Over the same period, the business achieve am operation profit of £989,973, up 4.1% on the 2014’s £949,237.
Ian McMahon, ASE Partner, who advised EMC on its acquisition of the Uckfield Vauxhall business, said: “The acquisition allows Mark and his senior team at EMC the opportunity to further develop their market area, and promote many of their customer centric practices to this new point of representation.
“I have total confidence that the transaction will see synergies for EMC and for their new potential customers at the Uckfield site whilst promoting the Vauxhall brand further.
“I’m delighted that ASE have been able to assist Mark in making this acquisition and I am excited to see another family managed business thrive in their local market.’’