JCT600 buys Gilder Group

  04 March 2013 - 8:00am |    devsupport

JCT600 has acquired Sheffield’s Gilder Group, taking on nine dealerships, two parts depots and a body shop.

The move was announced today (Sunday) and sees the Bradford-based family company buy the £200m turnover business from outgoing CEO Garry Scotting for an undisclosed sum, thought to run to eight figures.

The newly acquired outlets will trade under the JCT600 banner immediately and the deal boosts JCT600’s annual takings to above £850m. This also sees the company become one of the 10 biggest retail groups by income – they ranked 13th in the 2012 AM100. Gilder Group, meanwhile, ranked 56th.

All staff at the Gilder outlets will be retained. JCT600 chief executive John Tordoff commented: ‘This acquisition is another leap forward for us as a group, strengthening our coverage geographically and adding some more strong dealerships to the group. We are growing our workforce by a third, adding over 30% to our revenues and making this the biggest deal JCT600 has ever done.’

Garry Scotting, Gilder’s CEO said: "The group will continue to have a presence in Sheffield as we retain our three Gilder Honda sites. And, though I am retiring from the business, I will retain shares in the group and support the Gilder Honda team to grow."

JCT600 acquired retailers York and Hull Audi from the Gilder group in 2009.

Start your free 14 day trial

Get free access to our Bulletin, Agenda & Profit for 14 days.

After 14 days we will auto bill your credit or debit card unless the order is cancelled.

As an auto retail executive you need insightful and unique industry intelligence to boost your business potential. Here’s a taste of what Auto Retail Network has to offer:

  • Get informed and boost your business potential
  • More than 1,200 fellow executives have joined us
    since launch
  • Independent, carefully crafted, unique content relevant to you and your business
  • Develop a greater awareness of market trends and opportunities
  • Access to a wide range of materials whenever, wherever and however you want it
  • Significant discounts on ARN events, reports and
    other publications