Park’s Motor Group expanded its representation of Renault, Dacia, MG and Nissan with the acquisition of the Arbroath and Brechin car dealerships from Mackie Motors.
Hamilton-based car dealership group AM100 has completed the purchase of the ownership and shares of Mackie Motors and the Montrose Road, Arbroath and Clerk Street, Brechin locations will now trade under the park banner.
Earlier this month, Park’s joined the Lexus franchise and bolstered its representation of Hyundai, Skoda and Toyota with the acquisition of Borders Motor Group.
Mackie Motors MG, which opened in March 2019, has been shortlisted for the Best New Dealer category at the 2020 AM Awards.
A Park’s spokesperson said: ‘We have known the Mackie Motors business for a long time because of the level of success they have enjoyed within their local communities.
“We are delighted to have been able to complete the agreement and look forward to developing these businesses and the wider group over the coming years.”
Kevin Mackie, Managing Director of Mackie Motors, said: “This has been an extremely difficult and emotional process for me given our family history in the industry over the past 45 years.
“However, I am confident that by selling the dealerships to Park’s I have found a new owner who shares the same philosophy and values as me and I trust them to continue to look after the customers we have had. the honor to look after us for the past 45 years.
This month’s car retailer acquisitions by Park’s Motor Group are the largest since it added 12 dealerships in 2016 through the purchase of Scottish car retailer group Macrae and Dick.
Park’s Motor Group’s latest published accounts, for the period to March 31, 2021, showed revenue of £691.2 million in a 2020 business period impacted by COVID, down compared to £784.9 million in 2020.
Border Motor Group had revenue of £53.5m (2019: £66.4m) and pre-tax profit of £1.4m (2019: £64,308). pound sterling).