Vehicle salvage and recycling business snaps up car parts and engineering specialist

Doncaster-based vehicle salvage and recycling company SYNETIQ has acquired a firm in Hertfordshire.

The South Yorkshire enterprise has bought Motorman, which is located in St Albans and is a re-manufactured parts supplier and repair partner to the fleet industry.

Motorman was set up over 50 years ago by Tony Zalkin and has established solid, long-standing links with blue chip clients. Zalkin and his wife Marion have been looking to take full retirement and sell their business and the acquisition will help build SYNETIQ’s offering to the UK’s fleet market.

All the Motorman employees have been retained and will continue to be led by Brian Cafferty, sales director. The business will quickly be integrated into SYNETIQ, with a spokesman for the Doncaster company adding that the priorities are now to ensure a smooth transition for clients, suppliers, and colleagues.

Tony Zalkin said: “I am proud of the business that Marion, myself and our dedicated team have built over the years, but the timing is right to enjoy our retirement.

“I know our legacy is in good hands with both Brian and the SYNETIQ business. I also know they will ensure the reputation we have built for quality and customer services will carry on after the handover. They will make sure our long-serving, loyal team are very well looked after.”

Tom Rumboll, executive chairman at SYNETIQ, said: “SYNETIQ was created to build the UK’s best and most innovative provider of solutions to the parts, salvage and fleet market.

“The acquisition of Motorman is another step in enhancing our market-leading proposition and will allow us to unlock real synergies for the benefit of our clients, customers and colleagues.

“Once we met Tony, Marion and the team, this was the obvious choice for the first of several strategic acquisitions for us, as we focus on implementing our strategy for growth. We wish both of them all the best in their retirement and look forward to welcoming Brian and the team into the SYNETIQ family.”

The corporate finance team at business advisory firm Quantuma advised on the sale of Motorman, with the transaction led by Mark Lucas and Fardeen Nariman.

Mark Lucas, partner at Quantuma, said: “Motorman is an attractive strategic fit with SYNETIQ given its 50-year trading history and long-standing relationships with blue chip clients – a key market for SYNETIQ. We are delighted that Motorman has found a suitable home within Synetiq that will help it grow and prosper.

“We wish Tony and Marion the very best. They have earned a well-deserved retirement.”

 

 

 

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