Hertfordshire-based mostly Brayleys Cars has bought Orpington Honda from Lookers for an undisclosed sum.
The acquisition offers the group protection for the Japanese manufacturer all-around the M25 and positions it as Honda’s most significant private franchisee in the United kingdom with 8 showrooms and 10 aftersales outlets.
The Orpington outlet joins Brayley Honda’s community of dealerships in Enfield, St Albans, Hemel Hempstead, Ruislip, Thames Ditton, Ewell, Leatherhead and Romford additionally a stand-by yourself aftersales facility in Grays, Essex.
In addition to Honda, Brayleys signifies Kia, Mazda, Renault and Dacia at 15 profits factors in the course of the Dwelling Counties, Increased London and Thames Valley.
Brayleys Cars is rated 90 in the Motor Trader Prime 200 Vendor Groups with annual turnover of £134.1m.
MD Paul Brayley (pictured) established Brayley Honda in 2003 and continues to operate the organization. He bought a bulk shareholding in the enterprise in 2018 to the Dubai-dependent conglomerate, AW Rostamani Group.
Brayley, explained: “Despite continuing headwinds from the world semi-conductor shortage and the pandemic, Brayleys delivered an excellent money effectiveness in 2021, which has presented us the self-confidence to enter 2022 with an optimistic outlook.
“The addition of Orpington Honda into the Brayleys loved ones gives the team finish protection of the M25 for Honda with whom we have been happy to husband or wife for just about twenty yrs.
“All of our franchise manufacturers are well positioned with the roll-out of EV versions, so we foresee another occupied yr in our showrooms and also on the internet gross sales, which we totally built-in final yr.”
Khalid Al Rostamani, chairman and CEO of AW Rostamani Group said: “The additional expansion of Brayleys is testomony to the excellent stewardship of the group by Paul Brayley and his devoted crew, during exceedingly challenging situations in the British isles auto market place.”