Yorkshire based car retailer JCT600 has acquired Bramall and Jones for an undisclosed sum.
The company has been sold outright to the family-owned JCT600 Group which now operates 47 dealerships.
Boston Audi, Lincoln Audi and Grimsby Audi dealerships join JCT600’s other Audi sites in Hull and York which it bought in August 2009.
Bramall and Jones was run by Tony Bramall and Peter Jones. It's the third business Bramall has built up and sold following his first retail group sale to Avis in 1987 and then the CD Bramall sale to Pendragon in 2004.
The deal that was supported by Lloyds TSB Corporate Markets and is expected to see the three new additions contribute around £80m to the group’s turnover that is expected to top £550m in 2010.
JCT600 chief executive John Tordoff said: “From York in north Yorkshire, through to Hull and Grimsby on the east coast and south through Lincoln to Boston we now have a huge geographical area to control.
“These areas are prosperous, and have proved extremely resilient in the present economic climate. The three new dealerships are all very successful and the teams in place have a wealth of experience and expertise. ”
The businesses will all continue to operate under their previous names, but JCT600 said they would be able to benefit from the efficiencies of the network, including a new online car retailing platform launched earlier this month.
“The three Lincolnshire dealerships come with first rate management teams and an excellent reputation within their customer base, but as part of the wider JCT600 group we are confident they will be able to grow sales and expand over the coming months and years,” added finance director Nigel Shaw.
The JCT600 group has weathered the credit crunch by adapting its stock levels and investing in used car stock and online sales resources.
The firm now sells around 40% of its used cars online through its JCT600.co.uk website and increased its used car sales by 20% in 2009.
All three dealerships are full franchises offering new and used car sales as well as servicing. The 15,000 sq ft Lincoln Audi dealership on Doddington Road in Lincoln, employs 70 staff; Grimsby Audi is based at Hewitts Avenue in the town and employs 45 people at its 15,500 sq ft outlet and Boston Audi, employing 40 staff is located on Marsh Lane in a 13,500 sq ft showroom and workshop.