Lithia & Driveway, the US listed dealer group which bought Jardine Motors from Jardine Matheson in March this year has hit the acquisition trail again in the UK.
The company has bought Arden Motors representing BMW, MINI and Motorrad in Maidstone and Tunbridge Wells.
It joins Jardines existing BMW & MINI locations in Bury St Edmunds and Milton Keynes.
Jardine currently represents Aston Martin, Audi, BMW, Ferrari, Ineos, Jaguar, Land Rover, Maserati, McLaren, Mercedes-Benz, MINI, Pininfarina, Porsche and smart from 50 UK locations. The combined business now employs 2,800 staff.
Neil Williamson, regional president, United Kingdom, said: “Following LAD’s entrance into the UK with the Jardine Motors Group earlier this year, we have always stated our desire to grow.
“Bringing the teams from both Maidstone and Tunbridge Wells together with our existing BMW & MINI businesses in Bury and Milton Keynes further strengthens our ability to serve customers with these exciting brands.”
The deal was managed by David Kendrick and the automotive team at UHY Hacker Young who represented Arden Group.
Kendrick said: “The acquisition of Arden makes complete sense for Jardine as it compliments their portfolio as well as expanding their relationship with BMW and Mini significantly. Ross and his team at Arden have built a leading business with strong profitability that will no doubt continue under its new group ownership.”