On 1 September 2023, Lithia & Driveway announced the acquisition of the Arden businesses representing BMW, MINI and Motorrad in Maidstone and Tunbridge Wells. These businesses will join the existing Jardine Motors Group lead by Neil Williamson, Regional President over the United Kingdom.
About Jardine Motors Group
- Currently represents 14 Premium & Luxury Brands including – Aston Martin; Audi; BMW; Ferrari; Ineos; Jaguar; Land Rover; Maserati; McLaren; Mercedes-Benz; MINI; Pininfarina; Porsche and SMART.
- 8th largest UK Retailer operating in over 50 locations across England.
- Existing BMW & MINI locations in Bury St Edmunds and Milton Keynes.
- Employs circa 2,800 staff across the combined businesses.
Neil Williamson, Regional President, United Kingdom, commented:
“Following LAD’s entrance into the UK with the Jardine Motors Group earlier this year, we have always stated our desire to grow,” said Williamson. “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. Our collective efforts will help deliver on our aspirations across the UK and supports our mission of Growth Powered by People.”
The deal was managed by David Kendrick and his automotive team at UHY Hacker Young who represented Arden Group. David 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.”