Top 10 dealer group created with Johnsons Cars’ acquisition
Dealer group Johnsons Cars has been acquired by Athenaeum International Holdings, the parent company of Brayleys Cars.
The deal, which also includes Johnsons’ TPS Centres, Johnsons Fleet Services, and group support functions, creates a dealer group with 79 franchises representing 21 brands.
José Blanco, CEO of Brayleys, said: “This is an exciting new era for the company. Johnsons Cars is a highly regarded and well-run business that perfectly complements our existing brand portfolio and geographic footprint.
“The shared values between our teams and our combined strength in key manufacturer partnerships make this a natural fit for the next step in our growth trajectory.”
Shared values
Mike Berwick, CEO of Johnsons Cars, added: “After 26 years of Johnsons Cars, it was incredibly important to find the right business to carry it forward. Following careful consideration by the board, we’re confident that the new owners share our values and have the vision and means to create continued success for our staff, brand partners, and customers.
“I want to sincerely thank our dedicated team, loyal brand partners, and valued customers all of which have been instrumental in shaping Johnsons Cars into the business it has become.”
With this strategic move, the newly combined group will rank among the UK’s top 10 automotive retailers.
