5 December 2017
Our automotive team, led by David Kendrick, are delighted to have advised the shareholders of Morrisons on their sale to one of Scotland’s premier motor businesses, John Clark Motor Group (JCMG), for an undisclosed sum.
The acquisition includes Land Rover, Jaguar and SEAT and will add an additional 82 staff to the group’s current 1262 employees. Like JCMG, Morrisons of Stirling is a family run business and John Clark, Group Chairman, and Chris Clark, Managing Director, are delighted that a family member, Andrew Morrison, has expressed a wish to remain involved in the company. Andrew will continue to work on an operational and strategic level ensuring that the business retains Andrew’s many years of experience and knowledge with Morrisons, whilst integrating some of the JCMG strategy, values and processes.
With the addition of Morrisons of Stirling, the company now represents 13 brands across 33 sites as well as operating two used car stores, Clark Motorchoice, in Edinburgh and Aberdeen.
We have seen a significant amount of change within the JLR network over the past five years and Morrisons remained one of the only privately owned sites. With the increased investment requirements and number of large groups north of the border, it makes strategic sense for the shareholders to exit, giving John Clark Group another fantastic business to add to their portfolio.
The company will continue to operate under the Morrisons banner recognising the years of long standing service and customer loyalty that this business is renowned for in Stirling and the surrounding area.
To find out more about this sale, download our Dealsflash here.