Law firm assists in successful acquisition

A Shropshire law firm has played a major role in the acquisition of two car dealerships in the North West.

Aaron & Partners supported the deal as Holdcroft Motor Group acquired Stockport and Oldham Hyundai and Oldham Mazda from the Vantage Motor Group.

Hugh Strickland (pictured), a partner in Shrewsbury-based Aaron & Partners’ Corporate Finance team, together with Aaron Vandermark and Iwan Williams, acted for Holdcroft in the deal. 

He said: “This is an incredibly exciting and significant both for Holdcroft and for the motor industry.

We were delighted to be able to play a role yet again in extending the Holdcroft Motor Group’s growing portfolio and helping Darren and the team work towards realising the company’s fantastic growth potential.” 

The acquisition increases Holdcroft’s number of sites to 25 – including its seventh Hyundai location to complement its existing dealerships in Stoke, Stafford, Ellesmere Port, Crewe and Macclesfield. 

It also marks Holdcroft’s second Mazda dealership and takes annual sales for the group up to £420m.