Car dealers Perrys have announced the purchase of the Chesterfield-based GK Group in a move expected to secure the dealership’s future.
The deal - which has been struck for an undisclosed sum - was brokered by UHY Hacker Young Automotive Partner David Kendrick who represented GK Group Ltd.
Perrys Group is a top 20 dealer group in the AM100 ranking and it is a two-time winner of eBay’s Dealer Group of the Year Award.
The group already operates 46 showrooms in 26 locations across the country with the addition of GK Group bringing that total to 53 dealerships.
GK Group was owned by George and David Kenning and their families. George and David will be retiring after the sale and Paul Rogers, the GK Managing Director, will be joining Perrys.
George Kenning said: “Perrys are a strong, highly successful, privately owned business with a reputation for excellence. We are delighted that this sale offers our staff enhanced security and better opportunities for the development of their future careers.”
The Chesterfield-based GK Group is one of the longest established dealer groups in the AM100 that runs five Ford showrooms, one Mazda showroom, one Kia showroom and a large Accident Repair centre in Alfreton, Chesterfield, Dronfield, Mansfield, Retford and Worksop. The company employs 400 members of staff and has a turnover of around £175m.
The acquisition will be the largest Perrys has made since its management buyout in 2001.
Chairman Ken Savage said: “We are very happy to announce the acquisition which extends our relationship with Ford, Mazda and Kia.
“The addition of GK Group will make a great fit for Perrys with our new dealerships located just south of our existing sites in Yorkshire.”