Ridgeway Garages, the 30-franchise-strong car dealership chain, mainly based in the home counties of England, has been bought by Marshall Motor Holdings for £106.9 million.
Marshall Motors Holdings already has dealerships in 19 counties and this latest deal expands its reach to 25 counties, making it the UK's seventh largest dealership chain.
When diversifying and expanding to this extent, it's important that a dealership chain keeps its motor trade insurance and road risks insurance up to date to continue to offer the very best levels of customer service.
Daksh Gupta, the Chief Executive Officer of Marshall Holdings explained: "Ridgeway is a company I have been associated with since 2007. David Newman [the chairman] and his team have built an excellent business with fantastic senior management, great staff, strong performance and a similar culture to Marshall Motor Holdings."
“I very much look forward to welcoming our new Ridgeway colleagues to the group and working closely with them again," he concluded.
As a result of the deal, the following will be added to Marshall's portfolio: two trade parts specialists, two SEAT and SAAB-authorised service centres, five Ridgeway branded used car centres, four Mercedes-Benz Commercials properties, a pre-delivery inspection centre and two body shops.