Alliance Automotive Group UK has announced that it has recently completed the acquisition of Beverley Motor Factors Ltd. The business is an existing member of the UAN buying group.
READ: COTSWOLD MOTAQUIP ACQUIRED BY AAG
The acquisition represents a hat-trick for the group, with three single-branch businesses bought out inside of a fortnight. Earlier this week, it was announced that Cotswold Motaquip had been acquired, and CMF Canterbury last week.
READ: CMF CANTERBURY TAKEN OVER BY AAG
BMF is a single branch light vehicle business based in Beverley, East Riding of Yorkshire, with sales of around £1.5m and 12 employees. Founded in 1993, it has been run in its modern form by the Franklin family since 2002.
Three small businesses, all in areas where AAG already have distribution. I don’t see a serious strategic expansion plan here. Is it a case of them being in debt to FPS and AAG getting them on the cheap? It is easy to spend borrowed American money. It is another thing to earn the margin to pay it back and give the money people the return they expect. Hard times ahead.