A BELOVED family-run car dealership has announced a major change after 40 years in the business.
The popular retailer runs four dealerships representing Seat, Renault, Dacia and Cupra across Hampshire and Surrey.
GettyOwners of the SMC Motor group have decided to retire[/caption]
But now the owners of SMC Motor Group, James Kimber and Anne Knight, have decided to call it quits and hand it over to the SLM group.
The amount which the SLM group settled for is unknown but their network has now expanded to 16 dealerships.
SLM has sites in East Sussex, Kent and East Anglia.
They consist of five Toyota dealerships as well as one Vauxhall dealership one Suzuki dealership and one GMW ORA site.
It also operates a pair of SLM Select sites, which sell used cars, and two Body Repair Centres.
Mark Phillips, CEO of SLM Group said: “We have been keen to expand for some time now and with the addition of SMC Motor Group, allows us to grow our AOI.
“We look forward to welcoming our new colleagues into the business and are excited to work with some new brand partners moving forward.”
James Kimber, soon to be the ex managing director of SMC Motor Group, added: “I am pleased to have concluded a deal with SLM Group who have very similar family values to ourselves and have no doubt they will continue the success we have managed to achieve at SMC over the past 39 years.”
“We would like to pay tribute to the hard work and commitment of our employees and for the contribution to the outstanding success SMC Motor Group has been able to achieve.”
SMC were represented in the sale by David Kendrick and his automotive team at UHY Hacker Young.
Kendrick said: “SMC has been successful regional family run business for as long as I can remember.
“With the continued consolidation going on and lack of succession within the business, selling to SLM Group makes complete sense and I am sure Mark and his director team will make a huge success of the businesses moving forward.”
SLM GroupSLM group (pictured) have brought the family run SMC motor group[/caption]