WEST Bromwich vehicle dealer Guest Motors Group has bought Sherwood Truck and Van.
The move adds an additional quartet of dealerships to the Guest group in Stoke-on-Trent, Nottingham, Sheffield and Alfreton near Derby.
All four will continue operating under the Sherwood banner.
Managing director Helen Waterfall will join Guest as a regional director responsible for the four Sherwood locations.
Her father Terry and Paul Hemp, who co-founded the business in 1978, are both retiring.
The acquisition of Sherwood was made by parent company Ian Guest Holdings for an undisclosed sum and the deal also includes three authorised repairers in Swadlincote, Newark and Doncaster.
It will see Guest Group’s annual turnover grow to in excess of £100m, with employee numbers increasing from 280 to 450.
Ms Waterfall said: “Guests are a well-known, well-established and respected business.
“They also have a commitment to the Iveco and Fiat brands, and also, like us, are a family business who share our values and principles.
“Guests are the ideal partner to help us to take the Sherwood brand forward, and I’m looking forward to working jointly to further develop our service to customers.
“It’s a positive step for the business and an excellent opportunity for our team of staff.”
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