South coast automotive group Hendy has bought Hampshire based Seward Group for an undisclosed sum.
Chief executive Paul Hendy said the purchase of the group, which has two dealerships in Portsmouth and Havant, was a strategic move for the company and consolidated Hendy’s strong position in the area.
“The Portsmouth region is hugely important for Hendy where we already operate a number of dealerships and our existing Car and Van Store,” said Hendy.
“This acquisition expands our franchise operations in the area and brings on board a strong new, used and aftersales business.
“We are delighted to add these new locations to the Hendy Group portfolio. We already operate franchises for Renault, Dacia and Suzuki and this acquisition strengthens our relationships with these companies.”
2018 has been another year of expansion for the Hendy Group, with the opening of a new car and van Store in Portsmouth in the summer and three new dealerships in Eastleigh, Hampshire.
It is currently refurbishing its Leigh Road premises, which will be relaunched in the new year as a FordStore.
With the addition of the Seward Group, Hendy now has 57 franchise outlets across 30 locations and employs more than 1,100 people in Hampshire, Sussex, Surrey, Kent and Devon.
Hendy is rated 30 in the Motor Trader Top 200 Dealer Groups with annual turnover of £532.8m.