5th March 2018
Specialist lawyers at Walker Morris have advised Vantage Motor Group on its acquisition of the Toyota and Lexus businesses of Charles Clark Motors in Wolverhampton.
The Harrogate-headquartered group already has Toyota centres in Tamworth, Solihull and Birmingham where it also has a Lexus dealership. The deal will see the 64 staff transfer from Charles Clark Motors to Vantage taking its workforce to almost 700 across dealerships in Yorkshire, the Midlands and the North West.
Vantage operates a total of 12 Toyota businesses, making it one of the largest Toyota groups in the country, as well as two Lexus dealerships.
Mark Robinson, managing director of Vantage Motor Group, said:
“This acquisition sits perfectly with the outcome of our recent strategy review and reinforces our Toyota and Lexus presence in the West Midlands.
“As a business we are committed to providing motorists with quality and value in their vehicle choice coupled with outstanding customer service.
“There has been much negative comment about the impact of Brexit on the motor industry but this is a sign of our confidence in a future where there will undoubtedly be change, driven by technological advances and Government policy, but where Toyota is already leading the market in alternative fuel vehicles and new mobility choices.”
Thomas Mieszkowski added:
“These latest acquisitions aim to continue Vantage’s long-term growth strategy and reinforce its already significant reach across the UK. Walker Morris has advised Vantage on a number of successful and strategic acquisitions over the years and we look forward to working with Vantage going forward as it continues to build on its success.”