Athenaeum International Holdings, investor that bought Brayleys Cars, has acquired Johnsons Cars. The transaction is expected to complete at the end of June this year.
The group will operate 79 franchise sales points across the country, representing 21 automotive brands. In addition to the dealer network, the acquisition includes Johnsons’ TPS Centres, Johnsons Fleet Services, and group support functions.
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.”
Due to the nature of a share purchase transaction, Johnsons Cars will be acquired in its entirety. This includes all operational entities, staff and naming rights.
Mike Berwick, CEO of Johnsons Cars, said: “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.”
