Dubai-based conglomerate AW Rostamani, the investment group behind AM100 dealership group Brayleys Cars, is ready to accumulate Johnsons Cars to create certainly one of the UK’s top ten automotive retailers.
Together, the combined business will operate 79 franchise sales outlets nationwide, representing 21 automotive brands and employing nearly 2,000 staff.
The deal which is predicted to finish by the tip of June through AW Rostamani’s Athenaeum International Holdings also includes the £936 million-turnover business’ TPS Centres, Fleet Services, and group support functions.
Dubai-based conglomerate AW Rostamani, the investment group behind AM100 dealership group Brayleys Cars, is ready to accumulate Johnsons Cars to create certainly one of the UK’s top ten automotive retailers.
Together, the combined business will operate 79 franchise sales outlets nationwide, representing 21 automotive brands and employing nearly 2,000 staff.
The deal which is predicted to finish by the tip of June through AW Rostamani’s Athenaeum International Holdings also includes the £936 million-turnover business’ TPS Centres, Fleet Services, and group support functions.
Johnsons Cars, founded in 1999 after acquiring Johnson Brothers, currently ranks nineteenth within the AM100 and represents 16 brands, with particular strength within the Volkswagen Group portfolio – Volkswagen, Seat, Cupra, and Škoda.
The acquisition will even bolster the group’s representation of Mazda, Suzuki, Hyundai, and Honda, making it the most important Honda dealer group in Europe by volume.
Since Athenaeum’s initial investment in Brayleys Cars in 2018, its portfolio has expanded further with the acquisition of nine West Way sites from Nissan GB in 2022. Brayleys currently operates 30 franchise sales points and ranks thirty sixth within the AM100 with a turnover of £552 million.
The share purchase deal means Athenaeum will acquire all operational entities, staff, and naming rights related to Johnsons Cars.
José Blanco, CEO of Brayleys, described the acquisition as “an exciting recent chapter.”
“Johnsons Cars is a highly regarded and well-run business that completely complements our existing brand portfolio and geographic footprint,” he said.
“The shared values between our teams and our combined strength in key manufacturer partnerships make this a natural fit for the following step in our growth trajectory.”
Mike Berwick, Johnsons’ chief executive, said: “After 26 years of Johnsons Cars, it was incredibly vital to search out the fitting business to hold it forward.
“Following careful consideration by the board, we’re confident that the brand new owners share our values and have the vision and means to create continued success for our staff, brand partners, and customers.
“I need 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 develop into.”
Johnsons Cars was advised by Cooper Parry’s David Kendrick and Sam Rotherham. Kendrick told AM: “Johnsons has grown significantly over time and this move by AWR really demonstrates their commitment to the UK auto sector. Johnsons matches perfectly between their existing businesses and allows the shareholders a chic exit from the industry. Further international investment into the sector isn’t a foul thing, that’s needless to say!”
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