Monday, June 17, 2024
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DERBYSHIRE TRIUMPH AND H-D OUTLETS SOLD

TriumphWorld and HarleyWorld, both solus dealerships based at separate locations in the Derbyshire town of Chesterfield, have been acquired by the South Yorkshire car dealer chain Stoneacre as part of its purchase of their parent company Huntson Holdings.

Trading as AutoWorld with Citroen, Alfa Romeo, Hyundai, Fiat, SEAT, Suzuki and Volvo car brands plus these two motorcycle franchises, Huntson Holdings was sold by the Priestnall family, who have reportedly decided to “focus their interests outside of the automotive industry”.

Huntson Holdings declared 230 employees, net assets of £10.4m, an annual revenue of £78m and a pre-tax profit of £1.4m in recent filings. Stoneacre is a much bigger £440m-turnover firm operating from 32 locations, which was founded in 1994. The AutoWorld acquisition, for an undisclosed sum, is part of its plans to reach a £1bn yearly revenue target. Acting on behalf of Huntson, the sale was handled by accountancy firm UHY Hacker Young’s automotive partner David Kendrick.

Commenting on this deal, Stoneacre managing director Shaun Foweather said: “We are delighted to announce the acquisition of Autoworld which extends our relationship with a number of manufacturers. It also firmly highlights our strategy to grow Stoneacre as a group across the UK. The business we are acquiring has a history of strong profits due to some great people working there and we very much look forward to welcoming them into Stoneacre.” 

 

 

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