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Wayside Group keeps on growing

Wayside Group has acquired single-site business Milton Keynes Seat for an undisclosed sum, which will takes its turnover into the AM100 top 20 biggest groups.

It’s Wayside’s first Seat dealership and it builds on its Volkswagen Group representation. It also has five Audi and six Volkswagen sites in addition to BMW, Mini, Skoda, Hyundai and two Toyota centres.

AM understands the directors at MK Seat “sold the business to pursue other business interests”.

The deal was put together with the help of ASE’s Dealermatch service and it is Wayside’s second acquisition in recent months. The group bought Keith Garages in Aylesbury in November, indicating its appetite to expand and create a string regional group.

Wayside managing director John Caney said: “2010 is turning out to be quite a year for the Wayside Group. 

“As well as adding Skoda, Hyundai and now Seat to the group, we have also expanded into Peterborough with Audi; Watford with Toyota; and Aylesbury with Audi, Volkswagen and Hyundai.”

David Kendrick, transaction manager at ASE, said: “Yet again we see another group purchasing a single site dealership as the sector consolidation con-tinues. It certainly appears that this trend will continue as the year closes and 2011 begins.”

The MK Seat dealership made news in April after Cliff Freeman, director of the dealership, complained of lost productivity at the showroom due the smell of a nearby sewage plant. Staff at the dealership complained about feeling sick and refused to go into the office because of the smell.

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