Lancashire cars group expands with two dealership acquisitions
Chorley-based motor dealership, Chorley Group, has expanded with the acquisition of two Citroen dealerships, for an undisclosed sum.
The sites, in Blackburn and Bolton, belonged to the BCC Cars Group.
As part of the deal, BCC Citroen will now become part of the Chorley Group, and trade as Chorley Group Citroen Blackburn and Bolton
Chorley Group managing director, Adam Turner, said: “We are proud to announce the acquisition of BCC’s two Citroen businesses which marks the latest stage of our group’s strategic growth plans.
“The businesses in Bolton and Blackburn have served their communities well over their long history and we are excited to expand Chorley Group geographically into both towns, in which we have long standing family connection.”
He added: “Similar to last March’s purchase of the 06 group, BCC was a logical fit for us.
“It is a family business with similar values and beliefs, and we hope to continue to develop on the great foundations that chairman, Mike Holt, and his team have laid over the last 42 years and see the continued growth of the businesses.”
All BCC staff will remain after the acquisition, including three of the senior team directors.
Founder and chairman, Mike Holt, said: “Chorley Group bought our Nissan dealership in Wigan in the mid 90’s so I’m familiar with them and am pleased that the business has now acquired BCC’s Citroen operations.
“I established BCC Ltd in 1980 using my father’s house as security, so it means a lot to me. We all worked hard to make it the success it is, and I wouldn’t let it go to just anyone, and I am delighted that Chorley Group will be taking over.”
Adam added: “We are excited to get to work with the whole of the BCC team as they move over to Chorley Group and to see where we can help continue to build on their historic success.”
Chorley Group operates 12 businesses across the North West and employs 300 people locally.
It was supported in the acquisition by the corporate, employment and real estate teams from CG Professional, led by Benjamin Dredge, Stacey Turner and Michelle Hincks.
Mike Holt and the team from BCC were advised by Richard Clithero (commercial property), Fern Gordon (employment) and Nick Hodgson (corporate) from Forbes Solicitors.
