Perrys Motor Sales expands its network of franchised dealers by purchasing GK Group Ltd.
Perrys Buys GK Group Ltd To Expand Network
Perrys Motor Sales has expanded its network of franchised dealers by purchasing GK Group Ltd. Prior to the sale, Perrys incorporated forty-six showrooms in twenty-six locations within the United Kingdom. Expertise extended to: Vauxhall, Peugeot, Citroen, Fiat, Alfa Romeo, Jaguar, Land Rover, Seat, Renault, Mazda, Kia, Chevrolet and Ford. It employed fifteen-hundred people and its annual turnover was close to five-hundred million pounds. Purchasing GK Group Ltd strengthened its position in the market. Perrys – that was established in 1908 by Harold Perry and has a head office in Northampton - now incorporates a further five Ford dealerships plus one Mazda/Kia. It has also gained a repair centre.
Perrys Chairman Ken Savage said: “We are very happy to announce the acquisition which extends our relationship with Ford, Mazda and Kia. The addition of GK Group will make a great fit for Perrys with our new dealerships located just south of our existing sites in Yorkshire.” He continued: “The group’s ongoing success can be credited to its commitment to the core values of customer care, high-quality vehicles and staff retention. I am sure everybody will welcome the GK staff into Perrys and make them feel part of the team. Alongside the arrival of new franchises in the last few years - such as Nissan in 2013 and Hyundai in January of this year - the addition of GK Group Ltd will add considerable scale to the group.”
About GK Group Ltd
GK Group Ltd was a family owned business that employed four-hundred staff. Annual turnover was one-hundred and seventy-five million pounds. The company traced its routes back to 1878 when Frank Kenning opened a hardware store that sold a wide variety of products. Frank's son, George, followed his father as head of the company and steered it towards the motor trade. He earned a Ford Franchise in 1915 then became associated with Morris Cars. The company's portfolio and interests expanded in the following years.
In recent times, it was owned by George and David Kenning – descendants of the founder - and their families. George and David now plan to retire confident the business will thrive as part of Perrys. This company has, after all, recently broken ground on its new, seven million pound, multi-franchise development in Preston.
George Kenning said: “Perrys are a strong, highly successful, privately owned business with a reputation for excellence. We are delighted that this sale offers our staff enhanced security and better opportunities for the development of their future careers.”