Holdcroft Motor Group swoops for seventh Hyundai dealership
Holdcroft Motor Group has secured a deal to purchase Stockport and Oldham Hyundai and Oldham Mazda - taking its total number of sites to 25.
The acquisition was completed by lawyers based in Chester, and sees Holdcroft Motor Group acquire a wider regional footprint, taking on Stockport and Oldham Hyundai as well as Oldham Mazda from the Vantage Motor Group.
This will increase its annual sales to £420m, and will further its reach beyond its traditional Cheshire and Staffordshire heartland.
Its dealerships in Cheshire are located in Ellesmere Port, Crewe and Macclesfield.
Holdcroft was launched as a business more than 50 years ago.
Darren Holdcroft, managing director of the motor group, said: “This acquisition is part of our ongoing growth strategy and the purchase demonstrates our commitment to further developing our business.
“We already have long term, strong relationships with these manufacturers, both of which have a fantastic range of cars and we have confidence in their future growth potential.
“Greater Manchester is a region where we have wanted to operate for some time and we are delighted to have purchased the Vantage dealerships.
“I'd like to extend a warm welcome to our new colleagues upon joining the Holdcroft family. I’m sure their expertise and experience will be a hugely valuable asset to our company.”
Hugh Strickland, together with Aaron Vandermark and Iwan Williams, acted for Holdcroft in the deal.
He said: “This is an incredibly exciting and significant deal both for Holdcroft and for the motor industry in the North West.
“We were delighted to be able to play a role yet again in extending the Holdcroft Motor Group’s growing portfolio and helping Darren and the team work towards realising the company’s fantastic growth potential.”
For more information about the Holdcroft Motor Group, visit: www.holdcroft.com