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UHY advises on Motorline shareholders sale to Marshall Holdings

The firm’s team helped guide Motorline through a number of acquisitions and new franchise representation points, taking them to a total of 48 dealerships on exit

UHY Hacker Young has advised Motorline Holdings Limited on their sale to Marshall Motor Holdings Plc.

Marshall acquired Motorline Holdings Limited for a cash sum of £64.5m, funded from the group’s existing cash resources.

According to the firm, UHY’s corporate finance team, led by partner David Kendrick, advised the Motorline shareholders on the deal and having “worked closely” with the Obee family for over 10 years, the team helped guide Motorline through a number of acquisitions and new franchise representation points, taking them to a total of 48 dealerships on exit.

The firm said with the group expected to deliver a record profit performance in 2021 and representing some much sought after brands, the timing to explore the potential exit was “well timed”, with Marshalls being an “obvious choice” due to the brand and geographic fit.

According to the firm, the sale adds “immediate scale” to Marshalls representation with the addition of Toyota, Lexus and Hyundai plus significantly increasing its representation of Nissan, Peugeot, Volkswagen, Audi and Skoda.

Kendrick, added: “Delighted to have assisted the Motorline shareholders on the sale of their substantial group. The business has grown a huge amount over the last decade and not only introduces Toyota, Lexus and Hyundai to the Marshall portfolio, but also significantly increases their footprint across the UK.”

Glen Obee, ex-chairman at Motorline, added: “Under the excellent leadership of Daksh Gupta and his management team, the newly expanded Marshall Motor Group will be even better placed to embrace the future dynamics of the changing motor sector.”

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