Our automotive team are pleased to announce the sale of the Arrow Hyundai businesses in Swansea and Bridgend to Hutchings Motor Group for an undisclosed sum.
Hutchings who already represent Hyundai and Vauxhall in Pontypridd near Cardiff, have bought the two businesses and retained all staff.
John Hutchings, Chairman of Hutchings Motor Group said:
“We are extremely pleased to have increased our Hyundai representation across the South Wales M4 corridor, after operating our existing Hyundai dealership in Treforest since 2012. The acquisition fits very well with our long term strategy and we are looking forward to welcoming our new colleagues into the business.”
David Kendrick, Partner at UHY Hacker Young and Chair of our national automotive team, said:
“This purchase by Hutchings gives them some real scale with Hyundai in that market area. The Arrow business has been established for a number of years and I have no doubt that John and his son Stephen will continue to grow the businesses further. We have been extremey busy in recent weeks and it was a pleasure advising the shareholders of Arrow Automotive on this transaction. I believe we will continue to see more and more transactional activity and this deal highlights the fact that some family businesses feel they should be expanding and acquring market areas to protect themselves and benefit from additional scale.”
If you would like to discuss any of the above in more detail, please contact our automotive specialist David Kendrick.