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Park’s Motor Group completes Borders Motor Group acquisition - Pak Auto Services
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Park’s Motor Group completes Borders Motor Group acquisition

Park’s Motor Group completes Borders Motor Group acquisition

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Park’s Motor Group has joined the Lexus franchise and added to its illustration of Hyundai, Skoda and Toyota by the acquisition of Borders Motor Group.

The AM100’s Sixteenth-placed automobile retail group by turnover has added Toyota automobile dealerships in St Boswells, Carlisle and Dumfries, together with Hyundai in Carlisle and Dumfries, Lexus in Carlisle and Skoda Dumfries with the transfer, which was formally accomplished on March 1.

Park’s has bought Border from the present shareholders, led by founder and majority shareholder Archie Maclean.

Maclean stated: “It was an especially troublesome determination to divest from the retail motor business and I accomplish that with a heavy coronary heart.

“Nevertheless, I used to be eager to focus my energies on my different companies and as soon as I had made the choice to promote it was necessary for me to discover a purchaser that shared my values and ethos.

“I consider I’ve discovered that in Park’s Motor Group and their management crew have been improbable to take care of all through.

“I used to be extraordinarily glad by their plans for the enterprise, how they consider they may help it develop while on the similar time taking care of our clients and colleagues who’ve been important within the progress of the enterprise.

“I want to placed on document my due to all of our colleagues in addition to our model companions for his or her help over the past variety of years.”

Park’s acquisition of Border Motor Group is its largest since its 2016 addition of 12 dealerships by the buy of Scottish automobile retail group Macrae and Dick.

Park’s Motor Group chairman, Douglas Park, stated: “We have now labored extraordinarily arduous over the previous couple of months alongside Archie and his advisers to finish this deal.

“We consider Border to be a wonderful alternative for us to develop our enterprise and we recognise that Archie and his crew have created improbable foundations on which we will construct our enterprise in Carlisle, Dumfries and St Boswells.

“It was a very engaging alternative for us because it allowed us to extend our illustration with plenty of manufacturers with whom now we have had ambition to develop and likewise the improbable addition of Lexus to our portfolio.

“We want to categorical our thanks not solely to Archie however to the administration groups of Hyundai, Lexus, Skoda and Toyota for making the method go so easily.

“We sit up for welcoming our new colleagues into the rising Park’s Motor Group and persevering with the success of those new places.”

Park’s Motor Group final printed accounts, for the interval to March 31, 2021, confirmed a £691.2 million turnover in a COVID-hit 2020 buying and selling interval, down on 2020’s £784.9m.

Border Motor Group delivered a turnover of £53.5m (2019: £66.4m), alongside a pre-tax revenue of £1.4m (2019: £64,308).

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