Marshall of Cambridge has welcomed the news this morning that Marshall Motor Holdings plc has just completed the acquisition of Ridgeway Group.
Completion of this deal means that Marshall Motor Holdings is now No.7 in the Top 10 dealer groups in the UK, with 104 franchised dealerships and 4,000 employees working across 25 counties. Ridgeway was a privately owned Top 20 dealer group with 31 dealerships in Oxfordshire, Berkshire, Hampshire, Wiltshire and Dorset.
Robert Marshall, Group Chief Executive of Marshall of Cambridge, said: “We are delighted that Marshall Motor Holdings plc has bought Ridgeway, which is a widely respected business. We floated our motor business last year specifically to enable them to continue to grow and they have already completed two significant acquisitions. We wish the team at Marshall Motor Holdings plc every continued success in the future.”
Marshall of Cambridge retains a 65% majority ownership of Marshall Motor Holdings